The UK economy at a glance

October 2026

Prices are rising faster than the 2% target. Unemployment is higher than usual for the past decade. Average pay is ahead of prices, but only just. The economy is growing at a steady quarterly pace.

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2026

  • Growth

    Is the economy growing?

    0.5%

    April to June 2026

    Down from 0.6% in January to March 2026

    Good signThe economy is growing at a steady quarterly pace.

    ONS · Next update 12 Nov 2026

  • Prices

    How fast are prices rising?

    3.1%

    in the 12 months to August 2026

    Up from 2.9% in July 2026

    Warning signPrices are rising faster than the 2% target.

    ONS · Next update 21 Oct 2026

  • Jobs

    How many people are out of work?

    4.9%

    May to July 2026

    Same as February to April 2026

    Warning signUnemployment is higher than usual for the past decade.

    ONS · Next update 20 Oct 2026

  • Pay

    Are wages keeping up with prices?

    0.6%

    May to July 2026

    Same as April to June 2026

    NeutralAverage pay is ahead of prices, but only just.

    ONS · Next update 20 Oct 2026

  • Jobs

    How many jobs are at risk?

    50,904

    September 2026

    Up from 19,557 in August 2026

    Warning signJob cuts in September 2026 are at least 1.75 times typical.

    the Insolvency Service · 5 Oct 2026

  • Business

    How many companies are going bust?

    1,946

    August 2026

    Down from 2,007 in August 2025

    Good signThe insolvency rate is lower than a year ago.

    the Insolvency Service · Next update 20 Oct 2026

  • Jobs

    How many jobs are on offer?

    702,000

    June to August 2026

    Down from 710,000 in March to May 2026

    Warning signFewer jobs on offer than usual.

    ONS · Next update 20 Oct 2026

  • Public finances

    How much is the government borrowing?

    £77.3bn

    April 2026 to August 2026, year so far

    Down from £79.5bn at the same point last year

    NeutralBorrowing this year is close to last year.

    ONS · Next update 21 Oct 2026

  • Housing

    How much does an average home cost?

    £272,611

    July 2026

    Up from £268,843 in July 2025

    NeutralHouse prices help owners and cost first-time buyers.

    HM Land Registry · Next update 21 Oct 2026

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