ONS Revises UK Q2 GDP Growth Up to 0.5%
Stronger services, business investment and exports lifted the revised reading, while household disposable income rose 1.0%, the ONS said.
- The Office for National Statistics reported Britain's economy grew 0.5% between April-to-June, outpacing the initial 0.4% estimate released today.
- Past data revisions showed 2025 growth was 1.2%, down from 1.3% previously recorded, though stronger services sector activity means the economy is now slightly larger overall.
- Business investment growth climbed to 5.2% from 0.8%, while real household disposable income per head rose 1.0% in the three months to June, the strongest quarterly jump since late 2024.
- Britain was the fastest-growing economy among the Group of Seven in the first half of 2026, providing Finance Minister John Healey with positive signals ahead of October's budget.
- Liz McKeown, ONS director of economic statistics, said the latest figures reflect "annual improvements to the measurement of the economy, incorporating new information that provides a better picture of activity across the UK.
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55 Articles
The economy's three and a half years of stagnation have been broken.
UK Economy Surges Ahead of Budget Showdown But a Tough Winter Looms
Britain’s economy grew faster than previously estimated in the second quarter of 2026, strengthening its position as the fastest-growing Group of Seven economy during the first half of the year but setting up a tougher test for the government ahead of its October budget. Economic output expanded by 0.5% between April and June, the Office […]
The United Kingdom's economy grew 1.4% in annual terms in the second quarter of 2026, accelerating in relation to the high of 0.8% recorded in the first quarter and exceeding the preliminary estimate of 1.2%. This result represented the strongest economic expansion since the first quarter of 2025, driven mainly by an increase of 1.7% in the production of services, while industrial production grew 0.4% and the construction sector declined 1.0%. F…
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