Skip to main content

Economic deep dive: Q1 2025

Your quarterly guide to the UK economy; making sense of the key trends and what's driving them.

10 Apr 2025, 3 min read

Quarterly highlights

UK economy lost steam as it entered 2025

After a robust start to 2024, the UK economy entered a soft patch in the second half of the year. Over 2024 as a whole, GDP increased by a modest 1.1% year-on-year. CBI surveys suggest that the UK saw a subdued start to 2025, which broadly chimed with the 0.1% decline in month-on-month GDP in January.

Inflation rose further above the Bank of England's 2% target in Q1

After falling briefly below 2% in the summer of 2024, CPI inflation pick

Exclusive My CBI member-only content Exclusive My CBI member-only content

Already a member? Sign in
  • Access a member exclusive site

    Access a member exclusive site

    CBI members benefit from the latest economic and political intelligence, thought leadership, practical guides and other exclusives - all on one digital platform

  • Make informed business decisions

    Make informed business decisions

    Scan the horizon and anticipate risks and opportunities, from economic downturns to policy change, with unparalleled intelligence from our experts

  • Gain ideas and inspiration

    Gain ideas and inspiration

    Share challenges and ideas with – and borrow brilliance from – a community of business leaders and experts, and grow your profile among peers

Become a CBI member

My CBI is packed with the latest intelligence and policy updates, as well as inspirational thought leadership and helpful guides designed to support your business to grow. Become a CBI member today to gain access. 

Become a member

Trump's tariffs: what they mean for business and the economy

Find out more