IoD press release As UK momentum holds up, it’s time to improve hiring conditions
Commenting on ONS data that showed GDP rose by 0.7% in Q3 2026, Anna Leach, Chief Economist at the Institute of Directors, said:
“GDP grew by 0.7% in the third quarter, extending the UK’s better-than-expected run this year. The economy has grown by 1.4% so far in 2026 – almost double rates that were forecast in April. That reflects three things: energy prices not having risen as sharply as feared, stronger growth in some sectors connected with AI, and business adaptability. The question is what happens next.
“The outlook for the Middle East remains clouded. AI could deliver significant productivity gains, but businesses are working through its implications for cyber security and jobs. The Milburn review recommendations will be rightly targeted at ensuring the welfare system helps young people find work. Government must now take stronger action to address the costs and risks of hiring young people.”
