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UK economy grew by 0.6% at the start of 2026, ONS confirms
Services led the quarter with 0.8% growth, while real household disposable income fell 0.8% and the saving ratio slipped to 8.9%, the ONS said.
- On Tuesday, The ONS confirmed UK GDP grew by an unrevised 0.6% in the first quarter of 2026, establishing the economic baseline for the start of this year.
- Services provided the main growth engine, expanding 0.8%, while production and construction each rose 0.2%, according to Liz McKeown, director of economic statistics at The ONS.
- Real household disposable income fell 0.8% as the household saving ratio dropped to 8.9% in the first quarter, down from 9.6% in late 2025, driven by rising taxes and inflation.
- Monthly data signalled a hit from the Middle East conflict, with the economy contracting 0.1% in April, down from 0.3% growth in March.
- The Bank, the International Monetary Fund, and the Organisation for Economic Co-operation and Development downgraded GDP forecasts for this year, while The ONS revised 2025 growth down to 1.3% from 1.4%.
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UK economy grows 0.6 per cent in Q1, tops G7 growth table despite living standards squeeze
Britain's economy grew by 0.6 per cent in the first quarter of 2026, retaining its position as the fastest-growing G7 economy, although falling household disposable income and an April contraction point to emerging economic headwinds
·Mumbai, India
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UK living standards fall despite fastest growth in G7, highlighting Burnham’s economic challenge – business live
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Coverage Details
Total News Sources11
Leaning Left1Leaning Right0Center5Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
L 17%
C 83%
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