🚨 New UK economic forecast is out! 🚨. We project that the UK will see modest GDP growth of 1.2% in 2025 and 1.0% in 2026. The economy is facing stiff domestic & international headwinds that will weigh on activity. Here’s what you need to know 👇🧵

RT @SartoriusMartin: GDP growth in Q2 (0.3% q/q) was slightly stronger than expected in our latest forecast (0.2%). Under the hood, though,….

According to Ben Jones, our Lead Economist, the UK is walking a narrow path between resilience and stagnation. To read our full response, click here:

Growth in Q2 was primarily driven by an increase in government spending . By comparison, private demand was poor over the quarter, with household spending growing marginally and business investment pulling back sharply (following strong growth in Q1).

UK GDP grew by 0.3% q/q in Q2 2025, beating consensus estimates of 0.1%. Nonetheless, this marked a slowdown from the 0.7% growth seen over Q1 2025

RT @ONS: In April to June 2025, average weekly earnings were up 5.0% on the year excluding bonuses and up 4.6% including bonuses. At 5.7%….

Here are the key UK economic data releases for this week

RT @CBItweets: ICYMI: Our Tax Policy Manager, Alice Jeffries, spoke to @itvnews today on the cumulative burden of costs facing businesses.….

RT @SartoriusMartin: The BoE MPC voted to reduce rates to 4% today, in line with our latest forecast's expectations. The story of the Bank'….

RT @CBItweets: The @bankofengland has cut interest rates to 4.0%. Our Deputy Chief Economist, @AlpeshPaleja says:. Read his full response:….

Check out our response to the interest rate announcement 👇.

The Bank expects CPI inflation to remain elevated this year, with a peak of 4.0% in September. Subsequently, inflation is projected to gradually return to the 2% target, but the MPC warned that upside risks to the outlook had risen since their last forecast in May

The Bank of England’s latest forecast expects economic activity to remain subdued, with GDP growth projected to be 1.25% in both 2025 and 2026. Growth is then set to pick up slightly to 1.5% in 2027

The Bank of England’s MPC voted 5-4 to cut Bank Rate by 25bps to 4.00%. The majority bloc voted for an interest rate reduction due to signs of disinflationary pressures stemming from weak activity and cooling labour market conditions

RT @bankofengland: The Monetary Policy Committee voted by a majority of 5-4 to cut interest rates to 4%. Find out more in our #MonetaryPol….

RT @CBItweets: How can global business thrive in a divided world? 🌐. Is the UK unlocking its full workforce potential? 💡. Join the debate a….

Here are the key UK economic data releases and events for this week

Weak growth, stubborn inflation. The Bank of England faces a tough trade-off, with cautious rate cuts amid a loosening jobs market. Wage pressures are easing slowly, but risks remain. This month's Economy in Brief from @AlpeshPaleja breaks it down: 🔒.

RT @CBItweets: Happy 60th to us! 🎉 For six decades, the CBI has been the voice of UK business, uniting leaders, industries, and government….

“Firms continue to face testing conditions, with expectations pointing to another quarter of falling activity across the economy” @AlpeshPaleja . To find out more, check out our July Growth Indicator Press Release 🔓:

RT @AlpeshPaleja: Growth momentum remained weak going into Q3, according to our latest surveys. Continued headwinds from higher employment….