Hookseys top UK economy stats for 2026 (Macro p2)

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Last updated 3:07 PM on 5/28/26
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14 Terms

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Annual growth rate (2025)

1.3%

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Quarterly growth rate

0.1, 0.1

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Annual growth forecast

0.8% (IMF)

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Give me some reasons for stagnating UK growth

  • Extremely low business and consumer confidence

  • Higher taxation

  • Certain cuts to government spending

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Potential growth rate since financial crisis

Pre financial crisis - 2.5%, post financial crisis - 1.5%, post covid around 1%

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GDP per capita

£39,000

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Total size of GDP in real terms

2.8 trillion

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Unemployment rate

4.9%

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Employment rate

75%

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Neet stat

12.8%of 16 to 24-year-olds not in education, employment, or training.

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Inflation rate

3.3%

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Current account deficit

1.1%

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Productivity and investment

Very poor

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Minimum wage

£12.71/hour