UK Q4 GDP Up 0.1%, Trump Tariffs Pushback, More
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The UK stands apart as a place to do business, not because of one advantage, but many working together. Over £10 trillion in capital, four of the world's top universities, a 10-year industrial strategy in action, its stability with dynamism, global reach with local depth. It all adds up to greater growth. Find out more at business.gov.uk slash growth.
News when you want it with Bloomberg News Now. I'm Caroline Hepker.
What were the latest GDP growth figures for the UK in Q4?
And I'm Stephen Carroll.
The UK economy grew less than expected in the fourth quarter, adding to the pressure on Prime Minister Keir Starmer as he fights to shore up his leadership. GDP rose by a modest 0.1% in the final three months of 2025, matching the equally weak growth recorded in the third quarter. Now, for 2025 as a whole, the UK economy expanded by 1.3%. UK Treasury Minister Dan Tomlinson says the economy is turning a corner.
The growth in investment in the UK economy was twice as high in 2025 than it was in 2024, from 1.7% to 3.4%. That investment will drive long-term growth, and that's from both public and private sector. Yes, we've increased public sector investment. We need to do that in the UK. We've been living off our past for too long, our roads, our railways, our infrastructure. We need to invest in them, but alongside the private sector.
Despite Tomlinson's words to Bloomberg, the latest figures deal a further setback to Starmer in a week in which he has faced calls to resign over his decision to appoint Peter Mandelson as ambassador to the US despite his known links to Jeffrey Epstein.
Well, a UK government-owned investment firm has suspended its relationship with global ports operator DP World over the CEO's alleged links to Jeffrey Epstein. The move follows a decision by Canada's second largest pension fund to pause future investment with the company. With more, here's Bloomberg's James Wilcock.
Among the elite businessmen who carried on friendly, crude and sometimes disturbing correspondence with disgraced financier Jeffrey Epstein, few kept up their exchanges as long as Sultan Ahmed bin Sulaim. Emails show the men exchanged contacts in business and politics, attempted to broker deals with one another and made explicit references to sexual encounters. Now, in the wake of those emails being made public, both the UK's development finance bank, British International Investment, and Canadian pension fund, Caisse de Depot et Placement du Québec, have halted their investments with Sulaim's firm, DP World. Bloomberg investigated the emails last summer, and Sulaim has not responded to repeated requests for comment since then.
In London, James Woolcock, Bloomberg Radio.
The latest revelations come as the fallout from the release of the Epstein files continues to reach across governments, companies and universities. During a congressional hearing, US Attorney General Pam Bondi said there are pending investigations by the US Justice Department related to the probe of the late Financia, but she did not elaborate. Now, during the hearing, New York Congressman Jerry Nadler tried to ask Bondi how many men connected with Epstein have been indicted.
How many perpetrators are you even investigating? First, you showed it. How many have you indicted? Excuse me. I'm going to answer the question. Answer my question. No, I'm going to answer the question the way I want to answer the question. No, you're going to answer the question the way I asked it. Chairman Jordan, I'm not going to get in the gutter with these people, but I'm going to answer the question. How many have you indicted?
The exchange between Jerry Nadler and Pam Bondi came as Columbia University said that it admitted a student to its dental school via what it called a regular process that coincided with fundraising requests by former faculty and alumni to Jeffrey Epstein. That revelation came after Bloomberg reported on a years-long chain of communication between Epstein's camp and senior members of the Columbia dental faculty.
Nuveen is buying Schroders for a total value of £9.9 billion.
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