UK tops G7 growth table after economy expands by 0.7% – business live

May 14, 2025 - 23:30
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UK tops G7 growth table after economy expands by 0.7% – business live

Rolling coverage of the latest economic and financial news, including the latest UK GDP report at 7am BST

Britain has outpaced major international rivals for growth in the first quarter of this year, by accelerating in January-March.

The UK’s 0.7% growth in Q1 2025 shows it was the fastest-growing economy in the G7 during the last quarter – a clear boost for the government this morning.

UK: +0.7% growth

Canada: estimated to have grown by 0.4%

Germany: 0.2% growth

Italy: 0.3% growth

France: 0.1% growth

US: -0.075% (or -0.3% on an annualised basis)

Japan: reporting tomorrow, -0.1% forecast Continue reading...

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