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 – August 2024 August 29th, 2024 by Daryl Rozario, Ali Ögcem, Gordon Douglass, Sixia Zhang UK cuts interest rates for first time since 2020 The Bank of England cut interest rates for the first time since 2020 this month. The Bank Base Rate was lowered from 5.25% to 5% on 1 August after the Bank’s Monetary Policy Committee (MPC) voted by five members to four to reduce the rate by…
