UK GDP grows by 0.3% in January

Growth was better than expected but economy is still below pre-Covid size

Elliot Gulliver-Needham
clock • 2 min read
Image: Richard Carter argued that while the UK may have avoided recession so far, “the threat of one remains far from over”.
Image:

Image: Richard Carter argued that while the UK may have avoided recession so far, “the threat of one remains far from over”.

UK GDP grew by 0.3% in January, after falling 0.5% in December 2022, according to the Office for National Statistics.

The stronger-than-expected GDP numbers were boosted by the growth of the service sector at 0.5%, after falling by 0.8% the month before, Office for National Statistics (ONS) data showed. Meanwhi...

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

Buzz: Is TPR guidance on the Virgin Media judgment a welcome move?

Buzz: Is TPR guidance on the Virgin Media judgment a welcome move?

TPR guidance on Virgin Media judgment, DB superfunds and IHT on pensions

Professional Pensions
clock 30 March 2026 • 1 min read
HS Trustees passes double-figure milestone with Safe Computing appointment

HS Trustees passes double-figure milestone with Safe Computing appointment

Latest appointment follows a period of expansion for the trustee firm

Jonathan Stapleton
clock 30 March 2026 • 1 min read
ACA launches student pensions essay competition

ACA launches student pensions essay competition

Prize competition looks for innovative ideas on the future of pensions and long-term saving

Professional Pensions
clock 30 March 2026 • 1 min read
Trustpilot