UK PulseThe national picture
National overview

Economy

Output, prices, employment, earnings, borrowing and productivity.

32

tracked measures

4

source systems

Headline measures

Monthly GDP

+0.3%

Jul 2025Jun 2026
from 0.0%June 2026

CPI inflation

2.9%

Aug 2025Jul 2026
+0.3ppJuly 2026

Employment rate

75.1%

May–Jul 2025Apr–Jun 2026
+0.1pp qtr/qtrApr–Jun 2026

Public borrowing

£16.0bn

Aug 2025Jul 2026
−33% yr/yrJune 2026

Explore the detail

Rates, inflation, employment and the public finances are separated into their component measures, each with its own reference period.

Interest rates

1 measure

Bank Rate

3.75%

Aug 2025Jul 2026
heldJuly 2026 decision

Output and growth

3 measures

Quarterly GDP growth

0.6%

Q2 2023Q1 2026
up from 0.1%Q1 2026

GDP annual growth

0.9%

Q2 2023Q1 2026
unchangedQ1 2026

Real GDP

£709.6bn

Q2 2023Q1 2026
+£4.4bn qtr/qtrQ1 2026

Productivity and investment

3 measures

Output per hour

-0.5%

Q1 2023Q4 2025
−0.5% yr/yrQ4 2025

Business investment

£77.1bn

Q2 2023Q1 2026
+£0.8bn qtr/qtrQ1 2026

Business investment growth

0.9%

Q2 2023Q1 2026
up from −3.0%Q1 2026

Household economy

2 measures

Disposable income per head

0.5%

20142025
slower than 3.1%2025

Household saving ratio

10.1%

20132024
+3.9pp yr/yr2024

Trade and external position

4 measures

Current account to GDP

-2.8%

Q2 2023Q1 2026
deficit narrowed 0.7ppQ1 2026

Current account balance

−£22.1bn

Q2 2023Q1 2026
deficit narrowed £5.1bnQ1 2026

Trade balance to GDP

-1.9%

Q2 2023Q1 2026
deficit widened 0.4ppQ1 2026

Net international investment position

−£122.1bn

Q2 2023Q1 2026
−£16.6bn qtr/qtrQ1 2026

Inflation and prices

7 measures

CPIH inflation

2.8%

Jul 2025Jun 2026
−0.2ppJune 2026

Core CPI inflation

2.6%

Jul 2025Jun 2026
unchangedJune 2026

RPI inflation

3.0%

Jul 2025Jun 2026
−0.1ppJune 2026

Services inflation

3.6%

Jul 2025Jun 2026
−0.1ppJune 2026

Goods inflation

1.7%

Jul 2025Jun 2026
−0.3ppJune 2026

Producer input prices

7.3%

Jul 2025Jun 2026
−2.0ppJune 2026

Factory gate prices

3.5%

Jul 2025Jun 2026
−0.2ppJune 2026

Public finances

5 measures

Borrowing this financial year

£57.6bn

Apr–Jun 2025Apr–Jun 2026
−£3.7bn yr/yrApril–June 2026

Public sector net debt

£2.990tn

Jul 2025Jun 2026
+£122.3bn yr/yrJune 2026

Net debt to GDP

94.9%

Jul 2025Jun 2026
+0.4pp yr/yrJune 2026

Net financial liabilities

£2.663tn

June 2025June 2026
+£154.3bn yr/yrJune 2026

Debt interest payable

£11.8bn

June 2025June 2026
−31.0% yr/yrJune 2026

Labour market

3 measures

Unemployment rate

4.9%

May–Jul 2025Apr–Jun 2026
+0.2pp yr/yrMar-May 2026

Job vacancies

712k

Apr–Jun 2025Mar–May 2026
−0.9% qtr/qtrApr-Jun 2026

Payrolled employees

30.3m

Jul 2025Jun 2026
−71k yr/yrJune 2026

Early GDP, labour-market and public-finance estimates are commonly revised as later survey and administrative data arrive. Every card links directly to its publishing organisation.