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Annual 2025 growth rate
1.4% 2025
2025 output gap
Negative output gap
What was the total gdp in 2025
£3.04 trillion (nominal)
£2.8 trillion (real)
Unemployment rate in 2025
4.9%
Employment rate
75%
Wage growth in 2025
3.6%
2025 inflation rate
3.3%
Inflation expectations
5.4%
Why? - current conflicts
Minimum wage
10.77 - age 18-21
12.7- age 21+
Exchange rate
£1 = $1.35
£1 = 1.15
Current account decit
We are currently in a deficit of 1.1 % GDP
Due to very poor productivity
Government budget deficit
£138 billion
Corporation tax rate
25%
Bank of England base rate
3.75%
Average lending rate
4%