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UK economy grew 0.3% in Q2 2025
Growth slowed to 0.3% in Q2 2025 due to early house purchases and export rush before tax and tariff changes, with household savings rising to 10.7%, ONS reported.
- On Tuesday, the Office for National Statistics confirmed British GDP growth slowed to 0.3% in the second quarter, unrevised and in line with economists' expectations.
- Timing distortions such as rushed deals and export surges partly explain the slowdown, as some activity was brought forward to beat stamp duty changes and US tariff announcements, the ONS said.
- With the Office for Budget Responsibility projecting a `harder` fiscal outlook, many economists expect Rachel Reeves will have to raise taxes by tens of billions in the November 26 Budget.
- Looking to the rest of the year, forecasters say the Bank of England predicts modest 2025 growth of 1.25%, while economists warn the second half will slow to 0.2% quarterly growth with inflation rising to 4%.
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21 Articles
21 Articles
UK Economy Sees Sluggish Growth in Second Quarter
The UK economy grew at a sluggish pace of 0.3 per cent in the second quarter of the year, official data has shown, another major setback for Chancellor Rachel Reeves’ as she hopes to oversee higher growth. The Office for National Statistics left its growth figure unchanged from a previous estimate as it confirmed its figures for growth in the second quarter, which is likely to be viewed cautiously by Treasury officials. The figure is much smalle…
·London, United Kingdom
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UK economic growth slows in Q2 after rapid start to 2025
Britain's economy slowed in the second quarter of 2025 after a strong start to the year, official figures showed today, highlighting the challenges facing finance minister Rachel Reeves as she prepares for November's annual budget.
·Ireland
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Coverage Details
Total News Sources21
Leaning Left4Leaning Right2Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 36%
C 46%
R 18%
Factuality
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