Business · 13 November 2025
UK GDP Shows Modest Growth As Chancellor Prepares For November Budget
The UK economy recorded 0.3% GDP growth in the June-August period compared to the previous quarter, with services output leading the expansion. However, productivity fell by 0.6% in Q2 2025 while inflation remained elevated at 3.8% in September. Manufacturing output in the three months to August fell by 0.3% compared to the same period last year, highlighting mixed economic signals ahead of Chancellor Rachel Reeves' second Budget on November 26th, where she faces pressure over business tax rises and their potential impact on investment.
Reported by ONS · How we write briefs