UK GDP fell by 0.3% in April, a turnaround from the growth seen in March, and a sharper fall than expected by many economists.

UK GDP grew by 0.7% in the first three months of 2025, above what most economists had expected.

There was good news for the government today ahead of next week's Budget after the International Monetary Fund upgraded its UK GDP forecast for 2024 to 1.1%, up from 0.7% in July.

Seven out of 10 fund groups (69%) expect Labour’s policies to be beneficial to UK economic growth, according to Quilter Investors’ latest Investor Trends Survey.