UK rate rise more likely as Q3 GDP beats forecasts with 0.4% growth

clock • 2 min read

The UK economy beat forecasts to grow by 0.4% in Q3, according to the latest figures from the Office for National Statistics (ONS), further increasing the likelihood of a Bank of England interest rate rise next Thursday.

Output for the three months to September was higher than the expected 0.3%, which was reported in both Q1 and Q2. Services and manufacturing did well during the quarter, up by 0.4% and 1% respec...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Smart Pension invests 15% of default fund in private markets

Smart Pension invests 15% of default fund in private markets

Commitment goes beyond the 10% recently agreed as part of the Mansion House Accord

Holly Roach
clock 28 May 2025 • 1 min read
Royal London completes connection to pensions dashboards ecosystem

Royal London completes connection to pensions dashboards ecosystem

Firm said connection was successful following ‘collaborative’ work with Maps

Holly Roach
clock 28 May 2025 • 1 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

DB surpluses, endgame solutions, TPR innovation service, PP Live

Professional Pensions
clock 23 May 2025 • 1 min read
Trustpilot