UK economy shrinks by 0.1% as cost of living bites

High interest rates continuing to 'suppress consumption and sentiment'

Eve Maddock-Jones
clock • 1 min read
UK economy shrinks by 0.1% as cost of living bites

The UK GDP contracted by 0.1% in the second quarter of the year, data from the Office for National Statistics (ONS) shows.

This decline compares to the first three months of this year when GDP grew by 0.8%. The reduction was less than the 0.3% decline forecast by analysis, but it shows signs that rising inflation an...

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 Industry

LPPI to onboard six new LGPS partner funds

LPPI to onboard six new LGPS partner funds

Avon, Cornwall, Devon, Dorset, Somerset and the Environment Agency funds will the join LGPS pool

Holly Roach
clock 14 October 2025 • 1 min read
When can trustees rely on their own expertise over external advice?

When can trustees rely on their own expertise over external advice?

Louise Davey asks how trustees can navigate the boundary between internal and external expertise

Louise Davey
clock 14 October 2025 • 3 min read
News Digest: Widow of Norton Motorcycles fraud victim to lose half the compensation to tax

News Digest: Widow of Norton Motorcycles fraud victim to lose half the compensation to tax

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 October 2025 • 1 min read
Trustpilot