UK economic growth cut as ‘spectre of recession’ looms; gold and silver hit record highs – business live

Rolling coverage of the latest economic and financial news

There’s no sign of Santa in the City of London this morning.

The FTSE 100 share index has dipped in early trading, down 32 points or 0.3% at 9,865 points, after ending last week at a record closing high.

The level of real GDP in Quarter 3 2025 compared with Quarter 4 2023 is now estimated to be 2.9% higher, revised down slightly from the first estimate of 3.0%.