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Grant Fitzner

@GrantFitzner

Personal account. Chief economist and director @ONS Supports evidence-based policy. Retweets are not endorsements.

 London
ons.gov.uk/economy
Joined May 2010
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Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)Photo by Grant Fitzner (@GrantFitzner)
Today @ONS published our annual Blue Book and Pink Book. This saw minor revisions to quarterly GDP growth, while annual GDP growth was revised up by 0.1 percentage point in both 2023 and 2024. Full report here: ons.gov.uk/releases/uknation… #GDP #NationalAccounts 1/3
Image from Grant Fitzner (@GrantFitzner)
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The Pink Book reported that the UK's current account deficit widened slightly to 3.0% of GDP in 2025, the second highest in the G7. The primary income account deficit however narrowed to 1.2% of GDP. Full report: ons.gov.uk/releases/ukbalanc… #currentaccount #balance of payments 2/3
Image from Grant Fitzner (@GrantFitzner)
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We’ve previously published analysis of Blue Book 2026 industry impacts and impacts on GDP and its main components. Today we published a deep dive into historical GDP revisions. ons.gov.uk/releases/gdprevis… #statistics #GDP 3/3
Image from Grant Fitzner (@GrantFitzner)
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Join @UKWomenEcon & the @lsesueconsoc on 16 November for an evening of career insights & networking with leading women in economics. Hear from Janet Henry, Kiran Krishna & Misa Tanaka, chaired by Swati Dhingra. 📍 LSE | 18:00–20:00 Register: bit.ly/48kCu9r
Image from Royal Economic Society (@RoyalEconSoc)
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Grant Fitzner retweeted
ESCoE (@ESCoEorg) profile picture
ESCoE@ESCoEorgOct 30
Yesterday's webinar presentation came from Julia Wdowin (@BennettSchoolPP) on estimating the economic contribution of onshore wind energy to social welfare in the UK. Watch the recording: youtu.be/_Wx86oDYfWg
Image is a screenshot of the webinar speakers: Julia Wdowin (presenter), Bram Edens (Discussant) and Paul Schreyer (Chair)

ALT Image is a screenshot of the webinar speakers: Julia Wdowin (presenter), Bram Edens (Discussant) and Paul Schreyer (Chair)

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In Sept 2026 compared with the previous month: · the System Average Price (SAP) of gas increased 25% · the System Price of electricity decreased 1% Both were higher than September 2025 by 137% and 100%, respectively.
Chart showing the System Average Price of gas increased in September 2026, as the markets reacted to renewed conflict in the Middle East.

ALT Chart showing the System Average Price of gas increased in September 2026, as the markets reacted to renewed conflict in the Middle East.

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The proportion of low-paid jobs has been generally decreasing in the UK since 2013, although it increased slightly to 2.8% in April 2026, from 2.6% in April 2026. The proportion of high-paid employee jobs increased slightly to 23.7% from 23.4% in 2025.
Chart showing the proportion of low-paid employee jobs increased to 2.8% and the proportion of high-paid employee jobs increased to 23.7% in April 2026.

ALT Chart showing the proportion of low-paid employee jobs increased to 2.8% and the proportion of high-paid employee jobs increased to 23.7% in April 2026.

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The gender pay gap for full-time employees has continued to decline in the UK. It was 6.8 % in April 2026, down from 7.2% in April 2025. This compares with 9.4% a decade ago and 16.4% 25 years ago.
Chart showing the gender pay gap for all employees and full-time employees in the UK continues declining and has fallen by around a third over the last decade.

ALT Chart showing the gender pay gap for all employees and full-time employees in the UK continues declining and has fallen by around a third over the last decade.

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Latest from the Annual Survey of Hours and Earnings 2026. Median pay for full-time employees was £811.20 per week in April 2026, up 5.8% on the year in nominal terms and 2.7% in real terms (adjusted for inflation using CPIH). Read more ➡️ ons.gov.uk/releases/employee…
Chart showing median weekly earnings for full-time, part-time and all employee jobs continued increasing in April 2026.

ALT Chart showing median weekly earnings for full-time, part-time and all employee jobs continued increasing in April 2026.

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We've published the latest data from the Annual Survey of Hours and Earnings, which provides critical insights about the earnings of employees in the UK. Liz McKeown & Kate Davies look at the findings & improvements made to the survey over the past year ⬇️blog.ons.gov.uk/2026/10/22/a…
A year of progress for our annual earnings survey

A year of progress for our annual earnings survey

Today the ONS has published the latest data from its Annual Survey of Hours and Earnings (ASHE), which provides critical insights about the earnings of employees in the UK and informs decisions, such

blog.ons.gov.uk
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Average UK house prices increased by 0.9%, to £273,000, in the 12 months to August 2026, down from 1.2% in the 12 months to July 2026. Average UK private rents up by 3.8%, to £1,406, in the 12 months to September 2026, unchanged from the 12 months to August 2026.
Line chart showing UK house price inflation continued to slow while rents inflation remained unchanged since last month.

ALT Line chart showing UK house price inflation continued to slow while rents inflation remained unchanged since last month.

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Our consultation on release times for market sensitive economic statistics closes on 30 October. If you use statistics such as GDP, prices, the labour market, retail sales and public sector finances, have your say and help inform our recommendation ⬇️ consultations.ons.gov.uk/ext…
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Commenting on today’s public sector finances figures for September 2026, ONS Chief Economist Grant Fitzner said 💬
Borrowing in the first six months of the current financial year remained below the same period last year, thanks to higher receipts, although it was still above the official forecast. Grant Fitzner, Chief Economist, ONS

ALT Borrowing in the first six months of the current financial year remained below the same period last year, thanks to higher receipts, although it was still above the official forecast. Grant Fitzner, Chief Economist, ONS

Preliminary figures suggest that although debt in cash terms continues to rise, as a proportion of GDP it has fallen over the year. On this latter basis it remains at levels last seen in the early 1960s. Grant Fitzner, Chief Economist, ONS

ALT Preliminary figures suggest that although debt in cash terms continues to rise, as a proportion of GDP it has fallen over the year. On this latter basis it remains at levels last seen in the early 1960s. Grant Fitzner, Chief Economist, ONS

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Public sector net financial liabilities excluding public sector banks were provisionally estimated at £2,643.4 billion (82.7% of GDP) at the end of September 2026. This was £121.7 billion more than in September 2025.
Stacked bar and line chart showing the upward trend in public sector net financial liabilities is largely because of increases in net debt.

ALT Stacked bar and line chart showing the upward trend in public sector net financial liabilities is largely because of increases in net debt.

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Public sector net borrowing was £24.5 billion in September 2026, £1.8 billion (7.7%) more than in September 2025. Read the full article ➡️ ons.gov.uk/economy/governmen…
Bar chart showing the UK borrowed £24.5 billion in September 2026, up £1.8 billion on the same month last year.

ALT Bar chart showing the UK borrowed £24.5 billion in September 2026, up £1.8 billion on the same month last year.

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Services producer prices up by 4.5% in the year to Quarter 3 (July to Sept) 2026, up from a revised rise of 4.2% in the year to Quarter 2 (Apr to June) 2026, the largest rise since Quarter 2 2023. On a quarterly basis, services producer prices up by 0.9% in Quarter 3 2026.
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The cost of raw materials rose by 8.3% in the year to Sept 2026, up from a revised rise of 6.7% in the year to Aug 2026. Meanwhile, factory gate prices rose by 4.6% in the year to Sept 2026, up from a revised rise of 3.8% in the year to Aug, the largest rise since April 2023.
Line chart showing the annual inflation rates for both input PPI and output PPI rose in September 2026.

ALT Line chart showing the annual inflation rates for both input PPI and output PPI rose in September 2026.

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Grant Fitzner retweeted
Fraser Munro (@Fraser_ONS_PSF) profile picture
Fraser Munro@Fraser_ONS_PSFOct 21
Despite passing £3 trillion, public sector net debt was 94.0% of GDP, down 0.7 percentage points compared with a year ago. Debt remains at levels last seen in the early 1960s. 6/6 #Economy
Image from Fraser Munro (@Fraser_ONS_PSF)
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Commenting on today’s inflation figures for September 2026, ONS Chief Economist Grant Fitzner said
Inflation climbed notably in September to its highest annual rate in almost a year. Increased fuel prices were again the main driver, with the cost of diesel the highest since July 2022. Other upward pressures included airfares and, to a lesser extent, computer games and live events, which are often volatile. Grant Fitzner, Chief Economist, ONS

ALT Inflation climbed notably in September to its highest annual rate in almost a year. Increased fuel prices were again the main driver, with the cost of diesel the highest since July 2022. Other upward pressures included airfares and, to a lesser extent, computer games and live events, which are often volatile. Grant Fitzner, Chief Economist, ONS

These were partially offset by the cost of hotel stays, where prices rose by less than this time last year. The annual cost of both raw materials and goods leaving factories continued to rise, driven by higher crude oil and petrol prices, respectively. Grant Fitzner, Chief Economist, ONS

ALT These were partially offset by the cost of hotel stays, where prices rose by less than this time last year. The annual cost of both raw materials and goods leaving factories continued to rise, driven by higher crude oil and petrol prices, respectively. Grant Fitzner, Chief Economist, ONS

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CPI at highest annual rate since October 2025. The Consumer Prices Index (CPI) rose by 3.5% in the 12 months to September 2026, up from 3.1% the previous month. Read more➡️ ons.gov.uk/economy/inflation…
Rotated bar chart showing transport, particularly motor fuels, made the largest upward contribution to the change in CPI annual inflation.

ALT Rotated bar chart showing transport, particularly motor fuels, made the largest upward contribution to the change in CPI annual inflation.

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