Economic update: Higher-than-expected GDP growth
UK economic growth was higher than expected in the first quarter of 2025, but concerns about potential tariffs, inflation and interest rates persist.
Economic update: Trade tariffs lower growth forecasts
International organisations have lowered their growth forecasts since the US imposed tariffs on goods imports in April.
Economic update: Slow end to 2024 and growth plans announced
Sluggish GDP growth is expected to continue into early 2025, amongst weak business confidence. The government has made growth its “number one mission”.
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Economic update: Which industries have grown in 2024?
UK economic growth has slowed in the second half of 2024, after a relatively strong start. Early indicators suggest Q4 growth may be close to or lower than Q3.
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Economic update: Businesses and consumers in standby mode
Growth in the UK economy has slowed somewhat as businesses await the Labour’s October Budget.
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Economic update: Services exports outpace goods
The UK exported £153 billion more than it imported in services in 2023, but it imported £204 billion more than it exported in goods.
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Economic update: A better short-term outlook for 2024
The average forecast of GDP growth for 2024 has been raised from 0.4% at the beginning of this year to 0.9%, with inflation falling back to its 2% target.
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Economic update: Inflation falls as the election campaign begins
Consumer prices inflation fell to 2.3% in April, but the Bank of England kept interest rates at 5.25% in May and other economic news remains mixed.
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Economic update: Inactivity due to illness reaches record
An estimated 20.6 million people were out of work and not looking for work at the beginning of 2024. The recent rise has been attributed to long-term illness.
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Economic update: Will lower inflation lead to interest rate cuts?
The Bank of England is expected to cut interest rates in the summer, but high core and services inflation might delay the timing of future reductions.
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Economic update: Inflation set to fall over 2024
The Government cut National Insurance rates for employees from January but freezes to tax thresholds in April will increase personal taxes, in real terms.
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Economic update: Growth remains flat and more people are in energy bill debt
Inflation fell to 3.9% in November but the impact on households may have been higher.
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Economic update: Gloomy economic context to the Autumn Statement
Amid low growth and high inflation, unemployment is rising and there is concern that continued high interest rates might cause trouble for households with debt.
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Economic Update: Have interest rates peaked?
The Bank of England left interest rates unchanged at 5.25%. Falling inflation and low economic growth might mean interest rates will not need to increase further.
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Economic update: June’s weather boosts growth but interest rates keep rising
GDP grew this summer but high rates of core and services inflation are leading to higher interest rates.
Total results (page 1 of 7)