UK Leads G7 Growth, Says ONS

Is the U.K. economy finally turning a corner or are Labour's policies driving it into the ground?

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 U.K. economy is showing real signs of life, with 0.6% growth in Q1 and2026 productivity— risingthe 1%strongest inquarterly theexpansion firstin halfa ofyear 2025 — oneand ofservices itsoutput bestup performances since the financial crisis0.8%. FallingThe inflation, Bank of England's rate-cutting cutscycle through 2024 and easing2025 energyhas costshelped arelay setting the stagegroundwork for stronger consumer spending, headingand intothe 2026U.K. Thehas fiscalnow dramaoutpaced isevery behindother us,G7 andnation thein fundamentalsannualized areGDP quietly pointing upwardgrowth.

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.