The UK economy reported zero growth in July 2025 after growing by 0.4 percent in May. Since a huge decline in GDP in April 2020, the UK economy has gradually recovered and is now around 4.4 percent larger than it was before the COVID-19 pandemic. After the initial recovery from the pandemic, however, the UK economy has effectively flatlined, fluctuating between low growth and small contractions since 2022. Labour banking on growth to turn around fortunes in 2025 In February 2025, just over half a year after winning the last general election, the approval rating for the new Labour government fell to a low of -48 percent. Furthermore, the Prime Minister, Keir Starmer was not only less popular than the new Conservative leader, Kemi Badenoch, but also the leader of the Reform Party, Nigel Farage, whose party have surged in opinion polls recently. This remarkable decline in popularity for the new government is, in some part, due to a deliberate policy of making tough decisions early. Arguably, the most damaging of these policies was the withdrawal of the winter fuel allowance for some pensioners, although other factors such as a controversy about gifts and donations also hurt the government. While Labour aims to restore the UK's economic and political credibility in the long term, they will certainly hope for some good economic news sooner rather than later. Economy bounces back in 2024 after ending 2023 in recession Due to two consecutive quarters of negative economic growth, in late 2023 the UK economy ended the year in recession. After not growing at all in the second quarter of 2023, UK GDP fell by 0.1 percent in the third quarter, and then by 0.3 percent in the last quarter. For the whole of 2023, the economy grew by 0.4 percent compared to 2022, and for 2024 is forecast to have grown by 1.1 percent. During the first two quarters of 2024, UK GDP grew by 0.7 percent, and 0.4 percent, with this relatively strong growth followed by zero percent growth in the third quarter of the year. Although the economy had started to grow again by the time of the 2024 general election, this was not enough to save the Conservative government at the time. Despite usually seen as the best party for handling the economy, the Conservative's economic competency was behind that of Labour on the eve of the 2024 election.

The Gross Domestic Product (GDP) in the United Kingdom expanded 0.30 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - United Kingdom GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Monthly GDP MoM in the United Kingdom decreased to 0 percent in July from 0.40 percent in June of 2025. This dataset includes a chart with historical data for the United Kingdom Monthly GDP MoM.

Inflation Rate in the United Kingdom remained unchanged at 3.80 percent in August. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of August 2025, 13 percent of people in the UK thought that the Labour Party would be the best at handling the economy, compared with 17 percent who believed that the Conservatives would be the best, while 13 percent thought Reform UK would handle the economy the best.

In August 2025, the UK inflation rate for goods was 2.8 percent and 4.7percent for services. Prices for goods accelerated significantly, sharply between 2021 and 2022, before falling in 2023. By comparison, prices for services initially grew at a more moderate rate but have also not fallen as quickly. The overall CPI inflation rate for the UK reached a recent high of 11.1 percent in October 2022 and remained in double figures until April 2023, when it fell to 8.7 percent. As of this month, the UK's inflation rate was 3.6 percent, up from 3.4 percent in the previous month. Sectors driving high inflation In late 2024, communication was the sector with the highest inflation rate, with prices increasing by 6.1 percent as of December 2024. During the recent period of high inflation that eased in 2023, food and energy prices were particular high, with housing and energy inflation far higher than in any other sector, peaking at 26.6 percent towards the end of 2022. High food and energy prices since 2021 have been one of the main causes of the cost of living crisis in the UK, especially for low-income households that spend a higher share of their income on these categories. This is likely one of the factors driving increasing food bank usage in the UK, which saw approximately 3.12 million people use a food bank in 2023/24, compared with 1.9 million just before the COVID-19 pandemic. The global inflation crisis The UK has not been alone in suffering rapid price increases since 2021. After the start of the COVID-19 pandemic, a series of economic and geopolitical shocks had a dramatic impact on the global economy. A global supply chain crisis failed to meet rising demand in 2021, leading to the beginning of an Inflation Crisis, which was only exacerbated by Russia's invasion of Ukraine in February 2022. The war directly influenced the prices of food and energy, as both countries were major exporters of important crops. European imports of hydrocarbons from Russia were also steadily reduced throughout 2022 and 2023, resulting in higher energy prices throughout the year.

Economic Activity Index in the United Kingdom decreased to 6.90 percent in August from 8.80 percent in July of 2021. This dataset provides - United Kingdom GDP YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in the United Kingdom decreased to -19 points in September from -17 points in August of 2025. This dataset provides the latest reported value for - United Kingdom Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The GLA undertakes regular polling of Londoners' views. The results from these polls appear on this page. December 2017 – Rail services Link to PDF of topline (PDF) November 2017 – Workplace equality Link to PDF of topline (PDF) November 2017 - YouGov/GLA poll results Link to PDF of topline (PDF) October 2017 - YouGov/GLA poll results Link to PDF of topline (PDF) September 2017 – Keeping Londoners safe Link to PDF of topline (PDF) August 2017 – World Athletics Championships Link to PDF of topline (PDF) July 2017 – World Para-athletics Championships Link to PDF of topline (PDF) July 2017 – Food Link to PDF of topline (PDF) June 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) June 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) April 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) March 2017 – Contacting City Hall Link to PDF of topline (PDF) February 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) February 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) January 2017 – YouGov/GLA poll results Link to PDF of topline (PDF) December 2016 – YouGov/GLA poll results Link to PDF of topline (PDF) December 2016 – Transport Link to PDF of topline (PDF) November 2016 – YouGov/GLA poll results Link to PDF of topline (PDF) October 2016 – Public spending and taxation Link to PDF of topline (PDF) Link to analysis of results (PDF) August 2016 – Promoting London Abroad Link to PDF of topline (PDF) August 2016 – Pubs and Clubs Link to PDF of topline (PDF) July 2016 – Devolution Link to PDF of topline (PDF) March 2016 – congestion, night-tube, noise, volunteering and growth Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) January 2016 – culture, anti-social behaviour, sport & exercise, digital technology Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) September 2015 - economy, sugar, awareness of London government and work of Mayor Link to PDF of toplines (PDF) Link to crosstabs tables (XLS) July 2015 - Energy, renting, online shopping and airports Link to PDF of toplines (PDF) Link to Excel tables (XLS) March 2015 - Growth, recycling and reuse Link to PDF of toplines (PDF) Link to PDF of tables January 2015 – Economy, cost of living, living wage, affordable eating, cooking fats, physical activity major events Link to PDF of toplines (PDF) Link to Excel tables (XLS) September 2014 - Awareness, sources, carrier bags and big dance Link to PDF of toplines (PDF) Link to Excel tables (XLS) August 2014 - Health Survey Link to PDF of toplines (PDF) Link to Excel tables (XLS) June 2014 - Economy, cost of living, personal finance, housing and airports Link to PDF of toplines (PDF) May 2014 - Priorities for Safety Link to PDF of toplines (PDF) Link to Excel tables (XLS) March 2014 - Health Survey Link to PDF of toplines (PDF) Link to Excel tables (XLS) February 2014 - Economy, cost of living, priorities and culture Link to PDF of toplines (PDF) Link to Excel tables (XLS) February 2014 - Water Cannon Link to Data Full Tables (XLS) Tables – rebased (XLS) Tables - ethnicity (XLS) Tables - summary (XLS) November 2013 - Economy, cost of living, technology and aiports Link to PDF of toplines (PDF) Link to Excel tables (XLS) September 2013 - Economy, Mayoral responsibilities Link to PDF of toplines (PDF) Link to Excel tables (XLS) June 2013 - Economy, culture and community cohesion Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2013 – Economy, volunteering, ULEZ, stamp duty, cycling Link to PDF of toplines (PDF) Link to Excel tables (XLS) January 2013 - Economy, apprenticeships, aiport, housing and EU Link to PDF of toplines (PDF) Link to Excel tables (XLS) October 2012 - Economy, Mayoral responsibilities and 2012 Games Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2012 - Economy and Londoners priorities Link to PDF of toplines (PDF) Link to PDF tables (PDF) February 2012 - Economy and volunteering Link to PDF of toplines (PDF) Link to PDF tables (PDF) November 2011 - Economy, community cohesion, young people, sports Link to PDF of toplines (PDF) Link to PDF tables (PDF) September 2011 - Community cohesion and festivals Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2011 - Housing, economy, sport, 2012 games Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2011 - Volunteering Link to PDF of toplines (PDF) Link to PDF tables (PDF) December 2010 - Mayoral Priorities Link to PDF of toplines (PDF) Link to PDF tables (PDF) August 2010 - Energy, and Safety in Parks Link to PDF of toplines (PDF) Link to PDF tables (PDF) May 2010 - Climate Change Link to PDF of toplines (PDF) Link to PDF tables (PDF) March 2010 - Culture Link to PDF of toplines (PDF) Link to PDF tables (PDF) November 2009 - Waste and recycling Link to PDF of toplines (PDF) Link to PDF tables (PDF) June 2009 - Quality of life Link to PDF of toplines (PDF) Link to PDF tables (PDF) April 2009 - Economic outlook, and the Mayor's role Link to PDF of toplines (PDF) Link to PDF tables (PDF) Visit Talk London website to join in with the discussion.

In 2025, the annual unemployment rate of the United Kingdom is expected to be *** percent, compared with *** percent in 2024. Unemployment is forecast to fall to *** percent in 2026, gradually declining to *** percent by 2028. In the UK's last government budget in October 2024, the country's unemployment rate for 2025 was forecast to average out at *** percent, but this was increased to *** percent in the "Spring Statement" on public finances in March 2025. Uptick in unemployment after falling to historic lows A common indicator of an economy’s relative health, the unemployment rate in the UK generally fell throughout most of the 2010s, after reaching *** percent in late 2011. After a sudden increase in unemployment during the COVID-19 pandemic, there was a steep decline that lasted until August 2022, when the unemployment rate was just *** percent. There was then a rise in unemployment from 2023 onwards, which continued throughout 2024 and into 2025. This has been matched by a fall in UK job vacancies, which peaked at *** million in May 2022, but has been falling in most months since then, with approximately ******* vacancies in February 2025. Revisions to GDP and inflation for 2025 Since the global financial crisis of the late 2000s, and especially since the COVID-19 pandemic, the UK's economic growth has been poor, with the UK alternating between weak growth and slight contractions. For 2025, the UK economy is set to grow by just *** percent, a downgrade from *** percent predicted in late 2024. Inflation, which skyrocketed from late 2021 onwards, reached a peak of **** percent in October 2022, and although down to more usual levels by 2024, is expected to rise in 2025, reaching around *** percent by the second half of the year.

Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data are available on GOV.UK.

Selected monthly figures for total goods and services, total goods and EU and non-EU goods compared with previous highs and lows and record figures, UK.

Money Supply M2 in the United Kingdom decreased to 3133659 GBP Million in August from 3137956 GBP Million in July of 2025. This dataset provides - United Kingdom Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The United Kingdom recorded a government budget deficit of 17962 GBP Million in August of 2025. This dataset provides - United Kingdom Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In the second quarter of 2025, the unemployment rate in the United Kingdom was highest in England, where it was 4.8 percent, followed by Wales at 4.3 percent, Scotland at 3.8 percent, and 2.4 percent in Northern Ireland, the lowest rate among the four countries of the UK. For all four countries, the peak in unemployment during this period was in the early 2010s. England and Scotland's unemployment rates were highest in Q4 2011 at 8.4 percent and 8.6 percent respectively, with unemployment reaching 9.7 percent in Wales during Q3 2011. Northern Ireland reported its highest unemployment rate in Q1 of 2013 when it reached eight percent. Unemployment ticking up as UK enters 2025 For the United Kingdom as a whole, the unemployment rate was 4.4 percent in November 2024, the joint-highest rate recorded since August 2021. After reaching 8.5 percent in late 2011, unemployment in the UK fell quite consistently for several years, with this recovery interrupted by the COVID-19 pandemic, which saw unemployment rise to 5.3 percent in late 2020 and early 2021. From this point onwards, however, the labor market bounced back, and was particular strong in 2022 when there were a record number of job vacancies and unemployment fell to as low as 3.6 percent. While the labor market cooled throughout 2023 and 2024, unemployment remained at historically low levels. Overall economy grows but GDP per head falls Throughout the whole of 2024, gross domestic product in the UK grew by 0.9 percent, but in the third quarter of the year, there was no economic growth, followed by the relatively weak growth rate of 0.1 percent in the fourth quarter. Furthermore, GDP per head in the UK, declined for a second-consecutive year, and was just 36,977 pounds in 2024, compared with 37,371 pounds in 2022. Inflation, meanwhile, has fallen from the peak of 11.1 percent in October 2022, but was still at the relatively high rate of 4 percent at the start of 2024, with this falling to 2.5 percent by the end of the year.