Headline growth of 0.3% GDP is masking the pressures many businesses face - London Business News | Londonlovesbusiness.com
Briefly

In Q2 2025, the UK experienced a GDP growth of 0.3%, indicating a slowdown from the previous quarter's 0.7% growth. While the services and construction sectors showed positive performance, the production sector contracted and business investment fell sharply. The night-time economy, contributing over £153.9 billion annually, is under pressure from rising costs and volatile consumer spending. Data indicates slowing growth and declining employment in pubs, clubs, and cultural spaces. Targeted government support is necessary to prevent a deeper slowdown and to sustain the economic and cultural contributions of the night-time economy.
Rising energy, labour, and supply costs, coupled with higher taxation, continue to erode margins for businesses in the night-time economy.
Our latest data shows slowing growth - just 2.5% last year - and declining employment across pubs, clubs, and cultural spaces.
Without intervention, the slowdown in the night-time economy risks deepening, putting local economies and community life under strain.
The night-time economy is a vital economic and cultural engine, creating jobs, driving tourism, and fostering social cohesion.
Read at London Business News | Londonlovesbusiness.com
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