UK GDP shrank more than first thought in Q3

ONS data shows GDP fell by 0.3%, up from 0.2% and below expectations

Elliot Gulliver-Needham
clock • 1 min read
UK GDP still sits 0.8% below where it was at the beginning of the coronavirus pandemic
Image:

UK GDP still sits 0.8% below where it was at the beginning of the coronavirus pandemic

UK GDP shrank more than previously thought in Q3, the Office for National Statistics (ONS) has said.

In ONS data released today (22 December), GDP was revealed to have shrunk 0.3% in Q3, up from 0.2% and below expectations. This means UK GDP still sat 0.8% below where it was at the beginning of...

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

Fidelity FutureWise default hits £25bn AUM milestone

Fidelity FutureWise default hits £25bn AUM milestone

Asset manager also unveils partner network of ten GPs for its diversified private markets LTAF

Jonathan Stapleton
clock 21 May 2026 • 3 min read
'Significant gap' between strongest and weakest FM growth portfolios

'Significant gap' between strongest and weakest FM growth portfolios

XPS Group said schemes must ensure ‘robust oversight’ when selecting a fiduciary manager

Holly Roach
clock 21 May 2026 • 1 min read
Rising Star Awards 2026: Nominees revealed and entries open!

Rising Star Awards 2026: Nominees revealed and entries open!

People have been nominated in their hundreds for this year’s awards

Professional Pensions
clock 21 May 2026 • 13 min read
Trustpilot