The UK economy saw a 0.7 per cent growth in its Gross Domestic Product (GDP) during the third quarter of 2026. This performance positions the UK's year-to-date growth as the second highest among G7 nations, trailing only the United States.
Despite this economic expansion, real household disposable income per person has remained largely stagnant over the past two years. In contrast, real GDP per person has increased by 2.6 per cent during the same period.
Next week, the final report of the Milburn review is expected to be published. This review is anticipated to address various aspects, including young people's experiences in the workforce and the balance between benefits and employment support compared to OECD countries.
Separately, new research indicates that remote working has boosted employment rates for older and physically disabled workers. A one-point increase in home working corresponded to nearly a 1 per cent rise in full-time employment for disabled workers and a 0.4 per cent increase for those aged 50-64.