UK GDP grows by 0.6% in Q1

Growth follows two quarterly declines in second half of 2023

Cristian Angeloni
clock • 2 min read
Chancellor Jeremy Hunt said today’s reading is proof the UK economy 'is returning to full health'
Image:

Chancellor Jeremy Hunt said today’s reading is proof the UK economy 'is returning to full health'

UK gross domestic product (GDP) is estimated to have increased by 0.6% in the first three month of 2024, following two quarterly declines in the second half of 2023, according to the Office for National Statistics (ONS).

Compared to Q1 2023, GDP has increased by 0.2% in the same period this year, according to ONS data published today (10 May). Both services and the production sector grew over the three-month per...

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 welcomes 'timely' and 'wide-ranging' IFS-led Pensions Review

Industry welcomes 'timely' and 'wide-ranging' IFS-led Pensions Review

Industry says IFS report offers ‘pragmatic’ roadmap to meet retirement adequacy challenges

Martin Richmond
clock 02 July 2025 • 7 min read
Hymans publishes checklist to assist DB schemes with run-on

Hymans publishes checklist to assist DB schemes with run-on

Firm said it will help schemes establish plan for run-on as they face ‘constantly shifting regulatory landscape’

Holly Roach
clock 02 July 2025 • 2 min read
PLSA rebrands as Pensions UK and launches strategy for next ten years and beyond

PLSA rebrands as Pensions UK and launches strategy for next ten years and beyond

Organisation said pensions sector is entering ‘defining period’ of structural change

Holly Roach
clock 02 July 2025 • 3 min read
Trustpilot