UK economy experiences shock contraction in April

The first month of the new financial year saw GDP fall by 0.3%

Elliot Gulliver-Needham
clock • 2 min read
UK economy experiences shock contraction in April

UK GDP shrank by 0.3% in April, coming in below expectations amid fears of an impending recession, according to data released by the Office for National Statistics (ONS).

The ONS today (13 June) said April was the first month that all main sectors (manufacturing, construction and services) have contributed negatively to GDP since January 2021. The drop in GDP was...

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: Climate and credit – if it's easy, you're not doing it right

Partner Insight: Climate and credit – if it's easy, you're not doing it right

Martin Foden, Head of Credit Research and Luca Giacalone, Senior ESG Credit Analyst, discuss the challenges of integrating climate conviction within credit portfolios and how in-house analysis and collaboration are key.

Martin Foden and Luca Giacalone @ Royal London Asset Management
clock 05 March 2026 • 1 min read
Nikesh Patel – Pensions are not a sovereign wealth fund

Nikesh Patel – Pensions are not a sovereign wealth fund

The money is there, the right UK projects are there – but fiduciary duty must win the day

Nikesh Patel
clock 04 March 2026 • 4 min read
Planned issuance of long-dated and index-linked gilts falls as DB demand drops

Planned issuance of long-dated and index-linked gilts falls as DB demand drops

Reduction in average maturity of issuance as scheme demand for longer maturities reduces

Jonathan Stapleton
clock 03 March 2026 • 2 min read
Trustpilot