GDP monthly estimate, UK: September 2025 + reactions
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Gross domestic product (GDP) measures the value of goods and
services produced in the UK. It estimates the size of and growth in
the economy. GDP monthly estimate, UK: September 2025 Chancellor of
the Exchequer, Rachel Reeves, responds to Q3 GDP Figures Chancellor
of the Exchequer, Rachel Reeves, said: “We had the fastest-growing
economy in the G7 in the first half of the year, but there's more
to do to build an economy that works for working people....Request free trial
Gross domestic product (GDP) measures the value of goods and services produced in the UK. It estimates the size of and growth in the economy. GDP monthly estimate, UK: September 2025 Chancellor of the Exchequer, Rachel Reeves, responds to Q3 GDP Figures Chancellor of the Exchequer, Rachel Reeves, said: “We had the fastest-growing economy in the G7 in the first half of the year, but there's more to do to build an economy that works for working people. “At my budget later this month, I will take the fair decisions to build a strong economy that helps us to continue to cut waiting lists, cut the national debt and cut the cost of living.” CBI responds to latest GDP data Ben Jones, CBI Lead Economist, said: “The latest data underline how fragile the recovery remains, with the economy close to flatlining. Weak activity and waning confidence ahead of the Budget are clear warning signs that the government's growth mission is faltering. “The Chancellor faces a pivotal choice later this month. Businesses need a clear signal that the Government is serious about unlocking investment and boosting competitiveness - not another round of tax rises or short-term fixes that would deepen the drag on growth.” Liberal Democrats Commenting as GDP growth has slowed down more than expected to 0.1%, Liberal Democrat Treasury Spokesperson Daisy Cooper MP said: "This is a damning indictment of Labour's disastrous decisions. "From the jobs tax to business rates bills, the economy is barely spluttering along. "The Chancellor must take up our plans for an emergency package to save our high streets, put money back in the pockets of families and finally fix our broken relation with Europe to bring in billions for our public services." Conservative response to GDP figures Sir Mel Stride MP, Shadow Chancellor of the Exchequer, said: “Today's ONS figures show the economy shrank in the latest month, under a Prime Minister and Chancellor who are in office but not in power. “Months after the Prime Minister stripped the Chancellor of responsibility for the Budget, Keir Starmer has now lost control of his own Downing Street operation – with his team openly at war with his Cabinet. “If the Prime Minister does not have the backbone to control his team, he has no hope of reducing spending. Only the Conservatives have a leader with a backbone and a plan to deliver £47 billion of savings – allowing us to cut tax and cut the deficit under our Golden Economic Rule.” ENDS Notes to Editors: Britain under Labour is living beyond its means, locked in a doom loop of high spend, high debt and higher taxes:
After an appalling response to her Autumn Budget, Rachel Reeves made an ‘absolute commitment' she would ‘not [be] coming back with… more taxes':
After months of failure, Keir Starmer appointed a ‘budget board' to oversee Budget preparations:
Keir Starmer has lost control of Downing Street:
TUC Commenting on ONS figures showing a GDP growth of 0.1% for the period going from July to September 2025, TUC General Secretary Paul Nowak said: “Bringing our economy back on track after 14 years of Tory chaos was never going to be straightforward. Cyber attacks on major manufacturers and a volatile international context are not making this job any easier. “While previous retail sales figures were encouraging, consumer spending is still subdued - the Government should now stay the course and use the Budget as an opportunity to keep supporting living standards. “More money in people's pockets will mean more spending on our high streets, more jobs, and stronger growth. “But the Treasury are not the only actor at play here. The Bank of England needs to cut interest rates as a matter or priority – and end long-standing restraint on families' and businesses' finances.” British Chambers of Commerce Reacting to the latest GDP data published this morning by the ONS, Stuart Morrison, Research Manager at the British Chambers of Commerce, said: “With a backdrop of weak business and investment confidence, sluggish Q3 growth of just 0.1% is unsurprising. “But the data suggests the cyber-attack on JLR hit manufacturing badly and made a mediocre performance worse. The overall 0.5% contraction in production counteracted growth of 0.2% in services and 0.1% in construction. “The lack of strong, consistent growth means this month's Budget is a make-or-break moment for business – it must deliver for firms across the UK. Our latest survey of over 4,600 businesses shows a quarter have scaled back their investment plans, and a fifth are expecting their turnover to worsen over the next year. “That's why we are clear, there must be no more taxes on business in November's Budget. The Chancellor must also use her statement to tackle the skills crisis, help firms export and turbocharge infrastructure projects. “She faces difficult choices, but hitting businesses in the pocket again would be the wrong move. Recent speculation about a new cap on pension salary sacrifice schemes is worrying, as it would pile more costs on employers and limit investment. “The economy will continue to struggle unless business costs are cut and firms are given the right tools to invest, recruit and trade.” |