UK GDP Growth Stagnates in January Missing Expectations

UK GDP stagnated in January while three-month growth reached 0.2 percent. The figures missed forecasts and led markets to scale back hopes for rate cuts.

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The United Kingdom economy stalled unexpectedly at the start of 2026, with official data showing stagnation in January and sluggish performance in the months prior. According to the Office for National Statistics, gross domestic product (GDP) has remained essentially flat since June, ending January at the same level as six months earlier.

A view of the City of London skyline with people carrying takeaway coffee in the foreground during July 2024.
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