stats

Question 1

What was the UK GDP growth in Q1 2025?

Answer 1

0.7%

This growth indicates moderate recovery compared to other G7 economies.

Question 2

What was the inflation rate measured by CPI in March 2025?

Answer 2

2.6%

This rate is above the Bank of England’s 2% target but down from 11.1% in October 2022.

Question 3

What was the unemployment rate in Q1 2025?

Answer 3

4.5%

This reflects slight increases from previous years, indicating labor market conditions.

Question 4

What is the Bank of England’s base interest rate as of May 2025?

Answer 4

4.25%

This rate was recently cut from 4.5%, relevant for monetary policy analysis.

Question 5

What was the GBP/USD exchange rate on May 19, 2025?

Answer 5

1.3305

This rate is important for discussions on international trade and competitiveness.

Question 6

What was the trade balance of the UK in Q1 2025?

Answer 6

£10.6 billion trade deficit

The deficit narrowed slightly, useful for analyzing external trade performance.

Question 7

What was the current account deficit for the UK in 2024 as a percentage of GDP?

Answer 7

2.7% of GDP

This highlights reliance on foreign investment, key for balance of payments analysis.

Question 8

What is the approximate UK government debt as a percentage of GDP in 2025?

Answer 8

90%

This is an increase from 88.9% in 2023/24, crucial for discussions on fiscal policy and sustainability.