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

Industry not convinced that Sterling 20 initiative will help schemes invest more in UK assets

Industry not convinced that Sterling 20 initiative will help schemes invest more in UK assets

PP poll finds industry not in agreement over whether initiative will boost UK investment

Holly Roach
clock 31 October 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

£4.6bn buy-in deal, Barnett Waddingham full-year accounts, People’s Pension appoints Invesco

Professional Pensions
clock 31 October 2025 • 1 min read
HMRC repays £48.5m in overpaid pensions tax in Q3 2025

HMRC repays £48.5m in overpaid pensions tax in Q3 2025

Analysis finds savers have recouped more than £1.5bn since introduction of pension freedoms in 2015

Martin Richmond
clock 31 October 2025 • 4 min read
Trustpilot