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

Kristy Cotton: Adopting different skillsets as the industry transforms

Kristy Cotton: Adopting different skillsets as the industry transforms

Cotton discusses the rise of AI, revamping the buyout process and planning for the unknown

Holly Roach
clock 09 March 2026 • 5 min read
Industry agrees with Steve Webb that admin is 'too often done poorly'

Industry agrees with Steve Webb that admin is 'too often done poorly'

PP survey finds many think function is under-resourced and not up-to-date with technology

Jasmine Urquhart
clock 09 March 2026 • 2 min read
Industry broadly supportive of VfM proposals but warns some challenges remain

Industry broadly supportive of VfM proposals but warns some challenges remain

Pensions industry responds to consultation on VfM framework for DC schemes

Holly Roach
clock 09 March 2026 • 6 min read
Trustpilot