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

Andy Burnham: 'Britain needs to show the world we can regain our stability'

Andy Burnham: 'Britain needs to show the world we can regain our stability'

Cabinet to be confirmed

Michael Nelson
clock 20 July 2026 • 2 min read
PMI calls for government to prioritise simplicity, stability and savers

PMI calls for government to prioritise simplicity, stability and savers

Burnham administration must provide system people can understand and trust

Jonathan Stapleton
clock 20 July 2026 • 1 min read
Updated: What Andy Burnham as prime minister could mean for pensions

Updated: What Andy Burnham as prime minister could mean for pensions

Appointment of new prime minister will result in a cabinet reshuffle and a possible new pensions minister

Holly Roach and Martin Richmond
clock 20 July 2026 • 4 min read
Trustpilot