August 2025
A better-than-expected start to 2025 fuels stronger growth this year. However, accelerating inflation may pose a challenge to the Bank of England’s rate cutting cycle.
August 2025
A better-than-expected start to 2025 fuels stronger growth this year. However, accelerating inflation may pose a challenge to the Bank of England’s rate cutting cycle.
Source: ONS, KPMG forecasts. GDP, consumer spending and investment are all measured in real terms. Average % change on previous calendar year except for unemployment rate, which is average annual rate, while interest rate represents level at the end of calendar year. Investment represents Gross Fixed Capital Formation, inflation measure used is the CPI and the unemployment measure is LFS.
April 2025