Great Britain’s economy shows stagnation in January


The economy of Great Britain remained unchanged in January compared to a month earlier. The British National Statistical Office reported this. Economists generally expected the economy to grow by 0.2 percent on a monthly basis, after a plus by 0.3 percent in December.

The British central bank came earlier in the day with an interest rate cut and other measures to stimulate growth. The economy of Great Britain is hampered by the negative effect of the new corona virus. The Bank of England (BoE) said it would do everything to help the economy.

There were also figures on industrial production in the United Kingdom. That fell by 0.1 percent in January, while a plus of 0.3 percent was expected. Furthermore, construction production in the United Kingdom decreased by 0.8 percent.

By: Oliver I. Kjeldsen

Oliver I. Kjeldsen has a corporate finance and extensive expertise in company audit. He grants us amazing insights on taxation, international affairs and friendly advice on nearly any topic of interest. His email is

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