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

United Kingdom M&A : Domestic : Cash expenditure on M&A of subsidiaries : £m () was up 464.8% year on year in Q2 2026, compared with 27.8% in Q1 2026.
The level stood at 3,112.0 £m.
That is the highest reading since Q2 2021.
Over the past ten years it has ranged from −88.8% (Q2 2022) to 1,309.3% (Q2 2021), averaging 62.1%.

- Source agency: UK Office for National Statistics
- Makrognosis code: `UK.MANDA.Q.NSA.DIRECTION-DOMESTIC.MEASURE-SUBSIDIARY.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-subsidiaries-m

## Recent data

| Period | Value | Y/Y % |
|---|---:|---:|
| Q2 2026 | 3,112.0 £m | 464.8 |
| Q1 2026 | 487.0 £m | 27.8 |
| Q4 2025 | 511.0 £m | −48.7 |
| Q3 2025 | 272.0 £m | −57.2 |
| Q2 2025 | 551.0 £m | −70.8 |
| Q1 2025 | 381.0 £m | −29.6 |
| Q4 2024 | 997.0 £m | −31.7 |
| Q3 2024 | 635.0 £m | −27.3 |
| Q2 2024 | 1,888.0 £m | 40.2 |
| Q1 2024 | 541.0 £m | −40.2 |
| Q4 2023 | 1,459.0 £m | 2.0 |
| Q3 2023 | 874.0 £m | −47.5 |
| Q2 2023 | 1,347.0 £m | 25.8 |
| Q1 2023 | 904.0 £m | −57.3 |
| Q4 2022 | 1,430.0 £m | −41.9 |
| Q3 2022 | 1,666.0 £m | 9.8 |
| Q2 2022 | 1,071.0 £m | −88.8 |
| Q1 2022 | 2,115.0 £m | 2.5 |
| Q4 2021 | 2,463.0 £m | −0.5 |
| Q3 2021 | 1,517.0 £m | −6.1 |
| Q2 2021 | 9,583.0 £m | 1,309.3 |
| Q1 2021 | 2,064.0 £m | 0.05 |
| Q4 2020 | 2,476.0 £m | 224.9 |
| Q3 2020 | 1,616.0 £m | 100.0 |

## API

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

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