London’s Economy Today editorial – May 2026 May 28th, 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem, and Sixia Zhang UK inflation drops in April The latest data on Consumer Price Inflation (CPI) from the Office for National Statistics (ONS) showed that it slowed to 2.8% in the 12 months to April 2026, down from 3.3% in March (Figure 1). The slowdown in CPI inflation was below that expected by surveyed analysts who had expected it…
London’s Economy Today editorial – August 2025 August 28th, 2025 by Daryl Rozario, Jubair Ahmed, Gordon Douglass and Sixia Zhang UK GDP growth beats expectations in second quarter Data published this month by the Office for National Statistics (ONS) showed that the UK economy continued to grow in the second quarter of 2025. Output increased by 0.3% in Q1 2025 after growing by 0.7% in Q1 2025 (Figure 1). This rate of growth was higher…
London’s Economy Today editorial – April 2025 April 24th, 2025 by Daryl Rozario, Ali Ögcem, Gordon Douglass, Jubair Ahmed, and Sixia Zhang UK GDP grew strongly in February The Office for National Statistics (ONS) has this month published data for UK GDP growth in February. This data showed that UK output grew quite strongly in February, with GDP rising by 0.5% compared to a month earlier (Figure 1). This compares to zero growth in January, which was…
London’s Economy Today editorial – March 2025 March 27th, 2025 by Daryl Rozario, Gordon Douglass, Jubair Ahmed, and Sixia Zhang Chancellor delivers Spring Statement On 26 March the Chancellor of the Exchequer, Rachel Reeves, delivered the 2025 Spring Statement which had a heavy focus on improving government efficiency and increasing spending on defence. The Chancellor thus announced the creation of a £3.25bn Transformation Fund “to support the fundamental reform of public services, seize the opportunities…
London’s Economy Today editorial – December 2024 December 19th, 2024 by Daryl Rozario, Ali Ögcem, Gordon Douglass, and Sixia Zhang UK GDP falls unexpectedly in October The Office for National Statistics (ONS) published data for UK GDP growth in October. This data showed that UK output unexpectedly shrank in October with GDP dropping by 0.1% compared to a month earlier (Figure 1). Figure 1: Contributions to monthly UK GD) growth, October 2023 to October 2024…
London’s Economy Today editorial – July 2024 July 25th, 2024 by Daryl Rozario, Gordon Douglass, Sixia Zhang UK GDP continues to grow in May Data published by the Office for National Statistics (ONS) this month showed that the UK economy grew robustly in May. Monthly real GDP increased by 0.4% in May 2024 after stagnating in April (Figure 1). Figure 1: Monthly UK GDP growth and its contributions, May 2023 to May…
London’s Economy Today editorial – May 2024 May 31st, 2024 by Daryl Rozario, Mike Hope, Sixia Zhang UK GDP grows strongly in first quarter of 2024 After two quarters of mild negative growth of -0.3% in 2023 Q4 and -0.1% in 2023 Q3, the UK grew strongly by 0.6% in 2024 Q1, reports the Office for National Statistics (ONS). Year-on-year growth was a more modest 0.2%, and over the last two years…
