Government response 'crucial' as UK GDP nudges 1% higher in Q4 2020

Mike Sheen
clock • 2 min read
The recovery in December was mainly driven by service sector firms
Image:

The recovery in December was mainly driven by service sector firms

UK GDP was 1.2% higher in December 2020 as eased lockdown restrictions for the month helped to bring total growth for the fourth quarter of the year to 1% overall, according to the latest Office for National Statistics (ONS) data.

The Q4 rise added to the 16.1% growth seen in the third quarter, but December growth remained 6.3% below pre-lockdown February levels and growth in the final three months of the year was 6.6% lower than...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Regulation

Chris Jones, Managing Director, Civica Pensions

Industry Voice: Protecting against cybercrime

Civica looks at implementing secure ID & verification, while maintaining trust

Chris Jones, Managing Director, Civica Pensions
clock 23 September 2021 • 5 min read
Ellison: Do we really need regulators in the way we have them, given that there seems to be no reduction in the number of scandals?

Robin Ellison: Advice for advisers: a new liability

Robin Ellison questions whether more regulations are really the best way to protect the public

Robin Ellison
clock 14 April 2021 • 3 min read
“Information asymmetry” is holding back workplace pensions despite a clear wealth of provider offerings to try and plug the problem, Benefits Guru says.

Responsible investment bill ignites shoehorning concerns

Legislation formalising trustees’ ESG duties could be overly prescriptive and lay down too much pressure on schemes, the industry has told PP.

Hope William-Smith
clock 13 November 2020 • 2 min read
Trustpilot