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%.

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.