UK Leads G7 Growth, Says ONS

UK Leads G7 Growth, ButSays Headwinds LoomONS

Published MAY 14

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Above: Oxford Street, London's busiest shopping destination, on April 23, 2025. Image credit: Chris Ratcliffe/Bloomberg/Getty Images

The Spin

The UKU.K. economy is showing real signs of life, with 0.6% growth in Q1 and productivity rising 1% in the first half of 2025 — one of its best performances since the financial crisis. Falling inflation, Bank of England rate cuts and easing energy costs are setting the stage for stronger consumer spending heading into 2026. The fiscal drama is behind us, and the fundamentals are quietly pointing upward.

Andrew Neil on X Guardian

Labour's tax hikes and anti-wealth policies have been destructive to Britain's economic future, driving wealthy individuals offshore and crushing productive growth for nearly two years. Even a billionaire Labour backer has called Rachel Reeves "dreadful" on the economy, warning that short-term political wins are gutting long-term prosperity. Higher taxes and soaring energy costs are hammering working people hardest.

The Telegraph

MacroStrategy Partnership on X

Metaculus Prediction

There is a 13% chance the U.K. will achieve an average annual GDP growth rate of at least 2.5% over the current parliamentary term, according to the Metaculus prediction community.