The Bank of England announced last week its forecasts for 'zero growth' in Gross Domestic Product (GDP) for the period from October to December, but it believes the underlying rate of economic growth is around 0.2% per quarter. The third quarter also saw a decline in British consumer savings, which is an indicator of extreme caution that hindered economic growth. Economists had expected GDP to remain unchanged. Follow-up: The UK's Office for National Statistics announced on Monday that the UK economy grew by 0.1% in the period from July to September 2025, which is in line with its preliminary estimates.
