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

  • 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 Industry

Pensions dashboards must provide savers with 'holistic' view of their finances

Pensions dashboards must provide savers with 'holistic' view of their finances

Wealth at Work says dashboards are ‘only part of the picture’ regarding people’s finances

Martin Richmond
clock 03 May 2024 • 2 min read
TPR sets out key priorities in corporate plan

TPR sets out key priorities in corporate plan

Regulator says its priorities reflect its purpose to ‘protect, enhance and innovate’

Holly Roach
clock 03 May 2024 • 4 min read
Women in Pensions 2024: Last day to enter!

Women in Pensions 2024: Last day to enter!

Today is the last day nominees have to submit their questionnaires

Professional Pensions
clock 03 May 2024 • 1 min read
Trustpilot