Each month we publish independent forecasts of key economic and fiscal indicators for the UK economy. Forecasts before 2010 are hosted by The National Archives.
We began publishing comparisons of independent forecasts in 1986. The first database brings together selected variables from those publications, averaged across forecasters. It includes series for Gross Domestic Product, the Consumer Prices Index, the Retail Prices Index, the Retail Prices Index excluding mortgage interest payments, Public Sector Net Borrowing and the Claimant Count. Our second database contains time series of independent forecasts for GDP growth, private consumption, government consumption, fixed investment, domestic demand and net trade, for 26 forecasters with at least 10 years’ worth of submissions since 2010.
We’d welcome feedback on how you find the database and any extra information that you’d like to see included. Email your comments to Carter.Adams@hmtreasury.gov.uk.
Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that this is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury’s own views. It contains only a selection of forecasters, which is subject to review.
No significance should be attached to the inclusion or exclusion of any particular forecasting organisation. HM Treasury accepts no responsibility for the accuracy of material published in this comparison.
This month’s edition of the forecast comparison contains short-term forecasts for 2025 and 2026.
Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that Forecasts for the UK economy is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury’s own views. It contains only a selection of forecasters, which is subject to review.
No significance should be attached to the inclusion or exclusion of any particular forecasting organisation. HM Treasury accepts no responsibility for the accuracy of material published in this comparison.
This month’s edition contains medium term forecasts up to 2021.
The next edition will be released on 15 March 2017.
A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). GDP deflator outturn are based on the ONS Quarterly National Accounts release (at the end of each quarter). However, a more recent version of ONS GDP outturn may be used depending on when the OBR updates its GDP deflator forecasts (usually at Budget and Autumn Statement).
Outturn data covering the years 1955-56 to 2023-24 (1955 to 2023) are based on the Quarterly National Accounts, 23 December 2024.
Forecasts covering periods 2024-25 to 2029-30 (2024 to 2029) are from the OBR as at the Autumn Budget 30 October 2024.
GDP deflators for financial years 1955-56 to 2023-24 have been taken directly from ONS series L8GG. GDP deflators for calendar years 1955 to 2023 have been taken from ONS series MNF2. Non-seasonally adjusted money GDP for calendar and financial years are taken from ONS series BKTL. For financial years only, seasonally adjusted money GDP series YBHA has also been included.
The next GDP deflator update will be shortly after both the Spring Statement (26 March 2025) and the ONS Quarterly National Accounts release scheduled for 28 March 2025.
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United Kingdom UK: Treasury Bill Rate: Government Securities: Bond Equivalent data was reported at 0.322 % pa in 2016. This records a decrease from the previous number of 0.443 % pa for 2015. United Kingdom UK: Treasury Bill Rate: Government Securities: Bond Equivalent data is updated yearly, averaging 6.146 % pa from Dec 1975 (Median) to 2016, with 42 observations. The data reached an all-time high of 15.752 % pa in 1980 and a record low of 0.300 % pa in 2013. United Kingdom UK: Treasury Bill Rate: Government Securities: Bond Equivalent data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s United Kingdom – Table UK.IMF.IFS: Treasury Bill and Government Securities Rates: Annual.
A series for the GDP deflator in index form is produced by the Treasury from data provided by the Office for National Statistics (ONS) and the Office for Budget Responsibility (OBR). The GDP deflator set is updated after every ONS Quarterly National Accounts release (at the end of each quarter) and whenever the OBR updates its GDP deflator forecasts.
Forecasts are from the OBR as at the Autumn Budget 22 November 2017.
Outturn data are the latest Quarterly National Accounts figures from the ONS, 29 September 2017. GDP deflators from 1955-56 to 2016-17 have been taken directly from fiscal period ONS series L8GG. GDP deflators from 1955 to 2016 have been taken from calendar period ONS series MNF2. Non-seasonally adjusted money GDP for calendar and fiscal periods are taken from ONS series BKTL. For fiscal periods only, seasonally adjusted money GDP series YBHA has also been included.
The next scheduled GDP deflator update will be after the Quarterly National Accounts scheduled for 22 December 2017.
Treasury And Risk Management Software Market Size 2025-2029
The treasury and risk management software market size is forecast to increase by USD 1.82 billion, at a CAGR of 6.2% between 2024 and 2029.
The market is witnessing significant growth due to the increasing adoption of intelligent treasury management solutions. These advanced software solutions enable organizations to automate financial processes, optimize cash flow, and mitigate financial risks more effectively. However, the market faces challenges as data security and cybersecurity concerns persist, with the potential for breaches posing a significant threat to financial data. Organizations must prioritize robust security measures to protect sensitive financial information and maintain trust with stakeholders. Navigating these challenges requires a strategic approach, with companies investing in advanced security technologies and adhering to regulatory compliance frameworks. By addressing these challenges and leveraging the benefits of intelligent treasury management software, organizations can streamline operations, reduce risk, and enhance overall financial performance.
What will be the Size of the Treasury And Risk Management Software Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by the dynamic needs of businesses across various sectors. Mobile access to real-time data is a crucial requirement, enabling users to make informed decisions on the go. Machine learning algorithms and data integration are essential components, providing valuable insights through predictive analytics and performance measurement. Data encryption and security features ensure data privacy and regulatory compliance, while foreign exchange management and debt management solutions facilitate efficient financial operations. Fintech innovations, such as digital assets and non-fungible tokens (NFTs), are reshaping the financial landscape. Artificial intelligence (AI) and business continuity solutions enhance operational efficiency and risk modeling, allowing organizations to mitigate operational and financial risks.
Carbon emissions reporting and social impact analysis are increasingly important, as businesses strive to meet sustainability goals. Risk management solutions encompass a wide range of applications, including market risk, credit risk, counterparty risk, and regulatory reporting. Cash management, user interface (UI), and data analytics tools streamline financial operations and improve financial modeling. Cloud computing and data governance ensure seamless data access and management, while scenario planning and stress testing enable organizations to prepare for various eventualities. Security features and access control safeguard against potential threats, ensuring business continuity and maintaining audit trails. Investment management, liquidity risk management, and investment analysis tools provide valuable insights for hedge funds and other investment vehicles.
Performance measurement and capital budgeting solutions enable strategic planning and effective financial resource allocation. The ongoing unfolding of market activities and evolving patterns necessitate continuous innovation and adaptation in the market.
How is this Treasury And Risk Management Software Industry segmented?
The treasury and risk management software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. DeploymentOn-premisesCloud-basedTypeTreasuryInvestment managementRisk and complianceEnd-UserBanking, Financial Services, and Insurance (BFSI)IT and TelecomGovernmentManufacturingOthersOrganization SizeLarge EnterprisesSmall and Medium Enterprises (SMEs)ComponentSoftwareServicesGeographyNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaUAEAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW).
By Deployment Insights
The on-premises segment is estimated to witness significant growth during the forecast period.The market is witnessing significant growth, driven by the integration of advanced technologies such as machine learning, artificial intelligence, and data analytics. Mobile access to these solutions is becoming increasingly important for businesses seeking flexibility and convenience. On-premises remains the largest segment due to the heightened security it provides, requiring a robust IT infrastructure for deployment. companies like Fidelity National Information Services, Bottomline Technologies, and SAP cater to this segment. Financial technology (fintech) innovations, including digital assets and non-fungible tokens, are disrupting tra
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The yield on United Kingdom 10Y Bond Yield eased to 4.46% on July 1, 2025, marking a 0.03 percentage point decrease from the previous session. Over the past month, the yield has fallen by 0.21 points, though it remains 0.21 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. UK 10 Year Gilt Bond Yield - values, historical data, forecasts and news - updated on July of 2025.
The Monthly Business Survey (MBS) collects turnover and employment information from UK businesses in production industries and Great Britain businesses in services industries. Monthly turnover results give an early indication of what is happening in the economy and contribute to a number of important economic measures, including the Gross Domestic Product (GDP), the Index of Production (IoP) and the Index of Services (IoS). The GDP is a key economic measure used by the Bank of England and HM Treasury to monitor and forecast economic growth and to inform vital policy decisions. The IOP and the IOS show changes in production and service sector outputs, respectively, and are a key measure of these industries' contribution to the economy. Employment information is collected via the MBS on a quarterly basis to feed into other Office for National Statistics (ONS) publications such as the Labour Market Statistical Bulletin, Workforce Jobs and the Economic and Labour Market Review.
The survey provides businesses with a vital source of information for identifying trends in the market, as a benchmark for company performance and as a guide to market developments.
The MBS is a relatively new survey that combines two previously separate ONS turnover/employment surveys: the Monthly Production Inquiry (available from the UK Data Archive under SN 6726) and the Monthly Inquiries into the Distribution and Services Sector (available under SN 6747).
Linking to other business studies
These data contain Inter-Departmental Business Register (IDBR) reference numbers. These are anonymous but unique reference numbers assigned to business organisations. Their inclusion allows researchers to combine different business survey sources together. Researchers may consider applying for other business data to assist their research.
From July 2014 the data available is limited to 12 variables for each month. Previousl months include 40 variables.
For the second edition (January 2020), monthly data files from April 2014 to April 2018 have been added to the study. The documentation has also been updated.
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License information was derived automatically
The yield on United Kingdom 30-Year Treasury Gilt Auction Bond Yield rose to 5.46% on July 2, 2025, marking a 0.25 percentage point increase from the previous session. Over the past month, the yield has edged up by 0.09 points and is 0.79 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. United Kingdom 30-Year Treasury Gilt Auction - values, historical data, forecasts and news - updated on July of 2025.
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Each month we publish independent forecasts of key economic and fiscal indicators for the UK economy. Forecasts before 2010 are hosted by The National Archives.
We began publishing comparisons of independent forecasts in 1986. The first database brings together selected variables from those publications, averaged across forecasters. It includes series for Gross Domestic Product, the Consumer Prices Index, the Retail Prices Index, the Retail Prices Index excluding mortgage interest payments, Public Sector Net Borrowing and the Claimant Count. Our second database contains time series of independent forecasts for GDP growth, private consumption, government consumption, fixed investment, domestic demand and net trade, for 26 forecasters with at least 10 years’ worth of submissions since 2010.
We’d welcome feedback on how you find the database and any extra information that you’d like to see included. Email your comments to Carter.Adams@hmtreasury.gov.uk.