UK GDP sees shock 0.7% contraction in Q2

clock

The UK economy shrank by 0.7% in the second quarter of the year, a far worse contraction than economists had forecast, keeping the UK mired in recession.

The first reading of the data from the Office for National Statistics showed a quarter on quarter fall much greater than the 0.2% contraction analysts had expected. It will come as a serious blo...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Blunt questions, bold results: Turning a pension deficit into surplus

Partner Insight: Blunt questions, bold results: Turning a pension deficit into surplus

A partnership with SEI helped the Joy Global pension scheme turn a stubborn deficit into a surplus and paved the way for a buy-out. The key, says Trustee Jim Parker, was frank communication.

SEI
clock 11 November 2025 • 5 min read
Business leaders call on chancellor to force schemes to invest more in UK

Business leaders call on chancellor to force schemes to invest more in UK

Call for DC schemes to adopt a ‘UK-weighted’ fund as their default arrangement

Jonathan Stapleton
clock 07 November 2025 • 3 min read
Strong support among LGPS leaders for local investment, Hymans finds

Strong support among LGPS leaders for local investment, Hymans finds

Report shows no clear consensus among LGPS funds as to what defines local investment

Martin Richmond
clock 05 November 2025 • 3 min read
Trustpilot