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Other Europe · Country assessment
GB

United Kingdom.

A large debt burden limits fiscal room. Productivity and real household income remain central to a durable improvement.

IMF October 2026 vintage · 2026 estimates / projections · Assessment date: 25 October 2026
Pension obligations / GDP
Not comparable
No full national liability on the comparison basis.
Interest rate
3.75%
Central bank policy rate
BIS observation: 2026-10-19
My economic rating
66out of 100
Sound
Growth
47
Public debt
41
Price stability
84
Employment
81
Government effectiveness
78

Each dimension has a 20% weight. This comparison score measures selected conditions; it is not a sovereign credit rating.

My pension system rating
3.5 / 5

Automatic enrolment supports retirement saving. The State Pension and public employee schemes create different obligations that must be assessed separately.

External benchmark: 2026 Marsh CFA index (external source) · B · 71.6/100.

Assessment confidence: Medium. The author rating is distinct from the external benchmark.

What the pension figure means.

N/C means that a full national measure on the Eurostat basis was not established. It does not mean zero pension obligations.

The 2024–25 government accounts report £1,395.8 billion in net public-sector pension liabilities. This excludes the State Pension and private pensions. The ONS 2021 Table 29 marks State Pension data as unavailable. Its available totals therefore cannot supply the full comparable measure.

Read the pension evidence and definitions. (external source)

Annual pension spending: 10.85% of GDP in 2018. Eurostat ESSPROS (external source) includes public and relevant private cash benefits. This is a flow, separate from liabilities.

Protest and riot risk.

Disruptive protests / strikesElevated
Riot / violent crowd disorderElevated

Living costs, public services, and political disputes could mobilise demonstrations and local violent disorder.

The horizon is the next 12 months. These are qualitative author assessments, with medium confidence.

Country-specific official safety evidence (external source) provides context on demonstrations and disruption. Its overall travel rating is not used as a riot score.

World Bank 2025 context: political stability 70.7/100; voice and accountability 81.3/100. These indicators do not predict protests.

Potential triggers above are scenarios, except where an official source explicitly reports an event. Peaceful protest is not violence.

The economic path.

One IMF vintage keeps revisions and projections consistent.

Real GDP growth

WEO series · 2026–27 are projections2024: 1.1%, 2025: 1.2%, 2026: 1.3%, 2027: 1.2%2024202520262027

1.1% in 2024 · 1.2% in 2027

Average CPI inflation

WEO series · 2026–27 are projections2024: 2.5%, 2025: 3.4%, 2026: 3.3%, 2027: 2.8%2024202520262027

2.5% in 2024 · 2.8% in 2027

Government debt / GDP

WEO series · 2026–27 are projections2024: 99.4%, 2025: 102.1%, 2026: 102.0%, 2027: 102.5%2024202520262027

99.4% in 2024 · 102.5% in 2027

Annual macroeconomic series for United Kingdom
Year / statusDebt / GDPGDP growthInflationUnemployment
2024Historical WEO series99.4%1.1%2.5%4.3%
2025Historical WEO series102.1%1.2%3.4%4.9%
2026Estimate / projection102.0%1.3%3.3%5.3%
2027Estimate / projection102.5%1.2%2.8%5.3%

Historical values can include IMF estimates. India follows the IMF fiscal-year convention. Source-specific definitions limit cross-country precision.

Sources and exact series.

IMF · General government gross debt (external source)

GGXWDG_NGDP · GBR · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Real GDP growth (external source)

NGDP_RPCH · GBR · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Inflation rate, average consumer prices (external source)

PCPIPCH · GBR · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
IMF · Unemployment rate (external source)

LUR · GBR · October 2026 vintage · 2026 estimate / projection. Raw JSON is saved in the report’s sources folder.

Accessed 25 October 2026.
BIS · Interest rate (external source)

From 3 Aug 2006 onwards: official bank rate; from 6 May 1997 to 2 Aug 2006: repo rate; from 20 Aug 1981 to 5 May 1997: minimum Bank of England Band 1 dealing rate; from 16 Oct 1972 to 19 Aug 1981: minimum lending rate; from 1 Jan 1946 to 15 Oct 1972: bank rate. Source institution: Bank of England.

Accessed 25 October 2026.
Pension obligations and local funding evidence (external source)

Eurostat key where available: A.PC_GDP.S13PU.F63_LE.GB. Values retain their own reference year.

Accessed 25 October 2026.
World Bank · Governance context (external source)

2025 observations: GOV_WGI_GE_SC, GOV_WGI_PV_SC, and GOV_WGI_VA_SC. The economic formula uses effectiveness only.

Accessed 25 October 2026.
Official country guidance · Demonstrations (external source)

The report uses country-specific discussion of demonstrations. Generic warnings alone do not establish the likelihood of riots.

Accessed 25 October 2026.
2026 Marsh CFA Institute Global Pension Index (external source)

External retirement-system benchmark, published 20 October 2026. The report preserves its score separately from the author rating.

Accessed 25 October 2026.