UK economic growth slipped to its weakest level in seven months, although the rate of job creation remains elevated according to the September PMI series from IHS Markit.
Read more: PMI Data: Growth Slows but Job Creation and Inflation Point Higher 
"August’s retail sales data bring more evidence that the recovery in consumers’ spending has lost considerable momentum."
Read more: Retail Sales Flop Another Deterrent to 2022 Bank Hike says Economist
The ONS says the rise in UK CPI inflation in the 12 months to August 21 constitutes the "largest ever recorded increase" since the current series began in 1997.
Read more: UK Inflation: "The Largest Ever Recorded Increase in CPI", and there's More to Come say Economists
Goldman Sachs have pulled forward the date they anticipate the Bank of England to raise interest rates by more than a year, following this week's stronger-than-expected UK employment report.
Read more: Goldman Sachs Bring Forward Bank of England Rate Lift-off Date by More than a Year
UK employment levels are now back to where they were just before the Covid crisis, according to the latest labour market statistics from the ONS.
Read more: UK Employment Back to Pre-pandemic Levels but Furlough Papers Some Cracks
UK natural gas wholesale prices surged in the region of 20% midweek taking them to a fresh record high after a large fire at Britain’s main electricity subsea cable with France reduced imports.
Read more: The UK's Energy Price Surge Could be Just Getting Started
A slowdown in UK economic growth during the summer has been confirmed by the release of official GDP data for July.
Read more: Economic Growth Stalled in July
