Rolling coverage of the latest economic and financial news, as GDP quarterly national accounts show how UK economy fared in January to March 2026
The UK’s growth of 0.6% in January-March outpaces the rest of the G7, just!
The US and Japan were close behind, with quarterly growth of 0.5%, while Italy and Germany both grew by 0.3%.
compensation of employees, by £8.2bn
net property income, by £2.1bn
gross mixed income, by £1.5bn
The impact of the reduction in the tax-free allowance for capital gains, and the resulting increase in Capital Gains Tax payments, contributed to the increase in taxes on income and wealth.
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