Gdp

UK GDP grew faster than expected in the second quarter, expanding by 0.3%, but a slowdown from the start of the year has highlighted challenges facing the Chancellor ahead of the autumn budget. Figures from the Office for National Statistics (ONS) confirmed that growth had cooled from a strong 0.7%

Scotland’s onshore economy shrank by 0.2% in May 2025, reversing a revised growth of 0.1% in April, according to official figures.

The UK economy experienced an unexpected contraction of 0.1% in May, according to official figures from the Office for National Statistics (ONS). This fall in gross domestic product (GDP) occurred despite a temporary pause in US tariffs, defying economists' forecasts of 0.1% growth.

The United Kingdom's economy grew by 0.7% in the first quarter of 2025, matching the initial estimate and marking the strongest expansion in a year. This welcome news for the UK government, which follows a modest 0.1% gain in the final quarter of 2024, positions the UK with the highest growth rate a

Scotland’s onshore GDP contracted by 0.2% in April 2025, according to statistics announced by the Chief Statistician, following contraction of 0.4% in March 2025 (revised from contraction of 0.2%). In the three months to April, GDP is estimated to have contracted by 0.2% compared to the previo

The UK economy contracted by 0.3% in April, a sharper decline than economists had forecast. Data released by the Office for National Statistics on Thursday revealed a more substantial downturn than the 0.1% contraction that had been anticipated, reversing the 0.2% growth seen in March.

ScottishPower's parent company, Iberdrola, has agreed to sell its UK smart meters business, SP Smart Meter Assets (SPSMA), to the Australian financial services group Macquarie in a deal valued at approximately €1,060 million (c. £900m). The transaction is currently awaiting approval from

The UK economy demonstrated its strongest growth in a year during the first quarter, expanding by 0.7% and surpassing City forecasts. This unexpected upturn was significantly driven by businesses increasing investment and exports, reportedly to pre-empt the impact of anticipated US tariffs under Don

The UK economy showed unexpected strength in February, with GDP expanding by 0.5% – significantly outpacing economists' forecasts of 0.1% growth.

Scotland’s onshore GDP increased by 0.3% in January 2025, following a revised 0.5% growth in December 2024, according to official statistics. Over the three months leading to January, GDP grew by 0.5%, contrasting with the stagnant growth of the previous quarter.

The UK economy unexpectedly shrank by 0.1% in January, a setback for the government as Chancellor Rachel Reeves prepares for the Spring Statement. This contraction, driven primarily by a decline in manufacturing, falls short of economists' predictions of 0.1% growth.

Scotland's onshore GDP experienced a 0.6% increase in December 2024, according to official statistics. This follows growth of 0.2% in November 2024, revised up from ‑0.5%. However, the overall picture for the fourth quarter of 2024 revealed stagnant growth, with a 0.0% change compared to the previ

The UK economy has defied predictions of contraction, registering 0.1% growth in the fourth quarter of 2024, according to preliminary figures from the Office for National Statistics (ONS). Economists polled by Reuters had forecast a 0.1% decline. Growth was driven by the services sector, which

The UK economy showed meagre growth of 0.1% in November, following a decline in the previous month.

The Scottish economy shrank slightly in October, according to the latest GDP estimates. Scotland’s onshore GDP is estimated to have contracted by 0.2% in October, following unrevised 0.3% growth in September.