Popular now
Affinia expands Midlands presence with Towcester acquisition

Affinia expands Midlands presence with Towcester acquisition

The Uncommon Practice appoints director to lead regional growth

The Uncommon Practice appoints director to lead regional growth

Talent shortages force accountancy firms to turn away clients

Talent shortages force accountancy firms to turn away clients

Topic Hub

GDP

Our coverage on GDP provides accountants and financial professionals with timely analysis of the UK’s economic performance and its implications for the accountancy sector. Accountancy Today reports on quarterly and monthly GDP figures, including the 0.7% growth in Q1 2025—the strongest in a year—driven by increased household spending and manufacturing output. We also examine subsequent contractions, such as the 0.3% decline in April, and explore forecasts from the Office for Budget Responsibility and independent analysts, who anticipate growth between 1% and 1.3% for 2025. Our insights help partners, directors, and advisors understand how GDP trends influence client advisory, tax planning, and strategic decision-making within accountancy firms.

GDP

Our coverage on GDP provides accountants and financial professionals with timely analysis of the UK’s economic performance and its implications for the accountancy sector. Accountancy Today reports on quarterly and monthly GDP figures, including the 0.7% growth in Q1 2025—the strongest in a year—driven by increased household spending and manufacturing output. We also examine subsequent contractions, such as the 0.3% decline in April, and explore forecasts from the Office for Budget Responsibility and independent analysts, who anticipate growth between 1% and 1.3% for 2025. Our insights help partners, directors, and advisors understand how GDP trends influence client advisory, tax planning, and strategic decision-making within accountancy firms.

Business rates ‘double hit’ to cost English firms £2.5bn

Businesses the length and breadth of England are “staring down the barrel” of a £2.5bn hike…

UK quarterly GDP beats expectations despite slowdown

UK GDP grew 0.3% in the three months to June, behind the 0.7% it grew in the first quarter,…

EY upgrades growth forecast but warns of weak investment and uncertainty

The EY ITEM Club has upgraded its forecast for UK gross domestic product (GDP) growth in…

Economy unexpectedly shrinks 0.1% in May

Monthly real gross domestic product (GDP) unexpectedly fell 0.1% in May 2025, following an…

UK economy grows by more than expected 0.7% in Q1

The UK economy performed better than expected in the first quarter of the year, with GDP…

Chancellor resists calls for business relief in Spring Statement 

Chancellor Rachel Reeves has resisted calls from businesses for relief ahead of the upcoming…

BoE holds interest rates at 4.5% 

The Bank of England (BoE) has voted to hold interest rates at 4.5%, having cut the rate last…

UK GDP unexpectedly falls 0.1% in Jan

The UK economy shrank unexpectedly by 0.1% in January as production in the manufacturing…

EY downgrades Scotland’s growth forecast amid low productivity

EY has downgraded Scotland’s growth forecast to a GVA of 0.9% for 2025 due to low…

90% of firms expect negative impact from tax rises, Armstrong Watson finds

Almost two-thirds of businesses are pessimistic about the overall economic outlook for 2025…
Secret Link