UK GDP shrank more than first thought in Q3

ONS data shows GDP fell by 0.3%, up from 0.2% and below expectations

Elliot Gulliver-Needham
clock • 1 min read
UK GDP still sits 0.8% below where it was at the beginning of the coronavirus pandemic
Image:

UK GDP still sits 0.8% below where it was at the beginning of the coronavirus pandemic

UK GDP shrank more than previously thought in Q3, the Office for National Statistics (ONS) has said.

In ONS data released today (22 December), GDP was revealed to have shrunk 0.3% in Q3, up from 0.2% and below expectations. This means UK GDP still sat 0.8% below where it was at the beginning of...

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

Industry expects US tariffs to have adverse effect on scheme investments

Industry expects US tariffs to have adverse effect on scheme investments

PP survey finds 76% expect US government’s tariffs to have an adverse effect

Martin Richmond
clock 17 April 2025 • 2 min read
Industry not in favour of using pension savings for house deposits

Industry not in favour of using pension savings for house deposits

PP survey finds most do not agree with allowing early access to pension funds to help buy a house

Holly Roach
clock 17 April 2025 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

LGPS pooling plans rejected, XPS Group pre-close trading update, Aon warning amid market turbulence

Professional Pensions
clock 17 April 2025 • 1 min read
Trustpilot