Cautious optimism as UK GDP turns positive in January

Three-month figure remains negative at 0.1%

James Baxter-Derrington
clock • 2 min read
The Bank of England is 'likely to sit on its hands' over H1 while it waits for a clearer picture of the nation’s growth and inflation trajectory.
Image:

The Bank of England is 'likely to sit on its hands' over H1 while it waits for a clearer picture of the nation’s growth and inflation trajectory.

Experts have expressed cautious optimism over the UK’s return to growth, with monthly GDP up 0.2% in January, although the three-month figure remains negative at 0.1%.

Figures from the Office for National Statistics (ONS) also revealed the nation remained in the red on a year-on-year basis, down 0.3% on January 2023's print. Fidelity International investment d...

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

LGPS employers see 'major easing' in contribution rates

LGPS employers see 'major easing' in contribution rates

Pensions UK analysis shows costs fell ‘sharply’ between 2022 and 2025

Holly Roach
clock 27 May 2026 • 1 min read
Professional Trustee Focus: Final chance to book!

Professional Trustee Focus: Final chance to book!

The half-day event will take place on Thursday 4 June in London

Professional Pensions
clock 27 May 2026 • 1 min read
Pension transfer times hit ten-day mark in early 2026

Pension transfer times hit ten-day mark in early 2026

First time since September 2024

Sophia Panayi
clock 27 May 2026 • 1 min read
Trustpilot