London’s Economy Today editorial – February 2026 February 26th, 2026 by Daryl Rozario, Jubair Ahmed, Gordon Douglass, Ali Ögcem and Sixia Zhang UK GDP grows sluggishly at the end of the year Data published this month by the Office for National Statistics (ONS) showed that the UK economy continued to grow at the end of 2025. Output increased by 0.1% in Q4 2025 after also growing by 0.1% in Q3 2025 (Figure 1). This rate of growth…
London’s Economy Today editorial – May 2025 May 29th, 2025 by Daryl Rozario, Gordon Douglass, Jubair Ahmed, and Sixia Zhang UK sees strong GDP growth at the start of the year Data published this month by the Office for National Statistics (ONS) showed that the UK economy grew strongly in the first quarter of 2025. Output increased by 0.7% in Q1 2025 after growing by 0.1% in Q4 2024 (Figure 1). This rate of growth…
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 – February 2025 February 27th, 2025 by Daryl Rozario, Ali Ögcem, Gordon Douglass, and Sixia Zhang UK sees slow growth at the end of 2024 The UK economy grew in the final quarter of 2024 according to data published by the Office for National Statistics (ONS) in February 2025. This showed that real GDP is estimated to have grown by 0.1% in Q4 2024, after not growing at all in Q3…
London’s Economy Today editorial – November 2024 November 28th, 2024 by Daryl Rozario, Gordon Douglass, Sixia Zhang Bank of England cuts interest rates The Bank of England (BoE) cut interest rates again in November, with the Bank Base Rate being cut from 5.0% to 4.75% (Figure 1). This is the second cut in interest rates by the BoE this year. Figure 1: Alongside this decision the BoE published its November 2024 Monetary…
