# United Kingdom M&A : Domestic : Cash expenditure on M&A of independent companies : £m ()

United Kingdom M&A : Domestic : Cash expenditure on M&A of independent companies : £m () was down 54.1% year on year in Q2 2026, compared with −64.9% in Q1 2026.
The level stood at 1,025.0 £m.
Over the past ten years it has ranged from −74.6% (Q4 2025) to 396.4% (Q2 2021), averaging 48.3%.

- Source agency: UK Office for National Statistics
- Makrognosis code: `UK.MANDA.Q.NSA.DIRECTION-DOMESTIC.MEASURE-INDEPENDENT.MEASURE-VALUE`
- Frequency: quarterly
- Units: £m
- Coverage: 1972-01-01 to 2026-04-01 (216 observations)
- Page: https://makrognosis.robomacro.com/data/united-kingdom/m-and-a-domestic-cash-expenditure-on-m-and-a-of-independent-companies-m

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 1,025.0 £m | −54.1 |
| Q1 2026 | 918.0 £m | −64.9 |
| Q4 2025 | 1,344.0 £m | −74.6 |
| Q3 2025 | 3,633.0 £m | 180.3 |
| Q2 2025 | 2,234.0 £m | 173.1 |
| Q1 2025 | 2,616.0 £m | 225.8 |
| Q4 2024 | 5,284.0 £m | 256.8 |
| Q3 2024 | 1,296.0 £m | 71.4 |
| Q2 2024 | 818.0 £m | −33.6 |
| Q1 2024 | 803.0 £m | −10.3 |
| Q4 2023 | 1,481.0 £m | −5.8 |
| Q3 2023 | 756.0 £m | −0.3 |
| Q2 2023 | 1,232.0 £m | −35.3 |
| Q1 2023 | 895.0 £m | −59.2 |
| Q4 2022 | 1,572.0 £m | −2.4 |
| Q3 2022 | 758.0 £m | −52.6 |
| Q2 2022 | 1,905.0 £m | 55.4 |
| Q1 2022 | 2,196.0 £m | −9.7 |
| Q4 2021 | 1,611.0 £m | −0.4 |
| Q3 2021 | 1,600.0 £m | 93.2 |
| Q2 2021 | 1,226.0 £m | 396.4 |
| Q1 2021 | 2,433.0 £m | 248.6 |
| Q4 2020 | 1,618.0 £m | 59.9 |
| Q3 2020 | 828.0 £m | 2.0 |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/UK.MANDA.Q.NSA.DIRECTION-DOMESTIC.MEASURE-INDEPENDENT.MEASURE-VALUE"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/UK.MANDA.Q.NSA.DIRECTION-DOMESTIC.MEASURE-INDEPENDENT.MEASURE-VALUE",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```