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UK GDP Data

UK economy shrinks in Oct, suffers first back-to-back declines since 2020

Gross domestic product shrank 0.1 per cent month-on-month in October, as it did in September, the Office for National Statistics said

Updated On: 13 Dec 2024 | 1:41 PM IST

UK exits recession with better-than-expected forecast 0.6% GDP growth

The Office for National Statistics said gross domestic product expanded by 0.6 per cent in the three months to March, the strongest expansion since the fourth quarter of 2021

Updated On: 10 May 2024 | 1:24 PM IST

UK heads for 5-yr of lost economic growth as goal to 'level up' fails

The forecasts echo the Bank of England's gloom, which said last week that GDP would remain below pre-pandemic levels "in the medium term"

Updated On: 09 Aug 2023 | 5:33 PM IST

UK economy may fall further behind euro area next year, forecast suggests

Gross domestic product is expected to grow by 0.6% in 2024, well below the 1% gain anticipated in the euro area, a monthly survey of economists by Bloomberg showed

Updated On: 17 Jul 2023 | 12:19 PM IST

Britain and Rishi Sunak

The new PM faces unenviable challenges ahead, but he is a testament to the progress Britain has made towards becoming a multi-racial society

Updated On: 10 Nov 2022 | 1:12 AM IST

Recession fears mount as UK GDP falls 0.3% in Aug after 0.1% growth in July

The UK's gross domestic product (GDP) declined by 0.3 per cent in August, after growth of 0.1 per cent in July, the Office for National Statistics (ONS) has said

Updated On: 13 Oct 2022 | 7:36 AM IST

UK economy shrinks in second quarter, sharpening recession fears

The statistics office said health spending was the biggest contributor to the fall, as the government scaled down coronavirus testing, contact tracing and vaccination programs.

Updated On: 12 Aug 2022 | 4:49 PM IST

Britain economy suffers biggest slump in 300 years amid Covid-19 lockdowns

Gross domestic product rose 1 per cent from the third quarter, fuelled by a boom in construction and government spending

Updated On: 13 Feb 2021 | 1:19 AM IST

UK economy contracts 2% amid Covid-19 crisis; lockdown norms relaxed

"The impacts of the coronavirus were seen right across the economy, with nearly all sub-sectors falling in the three months to March," the Office for National Statistics (ONS) said on Wednesday.

Updated On: 14 May 2020 | 3:10 AM IST

Despite Brexit drag, UK economy grows fastest in last three months of 2017

Investors took the data as a sign that the Bank of England might move more quickly towards only its second interest rate hike in more than a decade

Updated On: 26 Jan 2018 | 7:56 PM IST

UK annual GDP growth revised down for Q2, July services weak

The quarterly growth rate was unrevised at 0.3%

Updated On: 29 Sep 2017 | 3:59 PM IST