UK economy grows by 0.4% in May in boost to Labour


Unlock the Editor’s Digest for free

The UK economy grew by 0.4 per cent in May, a higher-than-expected figure that provided a boost for Sir Keir Starmer’s new Labour government.

The month-on-month rise followed zero growth in April,  the Office for National Statistics said on Thursday.

It also exceeded a 0.2 per cent forecast for May by economists polled by Reuters.

Labour, which swept to power in last week’s general election, has said growth is now the government’s “national mission” and is hoping planning reforms will help lift an economy that has underperformed many of its peers since the pandemic.

This is a developing story



Also Read More: World News | Entertainment News | Celebrity News

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Palestinian doctor Ghassan Abu-Sitta says he was denied entry to France | Israel War on Gaza News

The surgeon who helped treat patients during Israel’s war on Gaza was…

Man Frequents Bridge where He Dated His Late Love 32 Years Ago, Sees Lock With Their Names Appeared – Story of the Day

A lonely man takes a trip down memory lane and visits the…

Why James Corden’s Late Late Show Is Really Ending

James Corden is giving fans more details as to why he’s leaving…

Bobby Shmurda’s Girlfriend: The Rapper Has No Confirmed Relationship despite Dating Rumors

Rapper Bobby Shmurda recently sparked fans’ curiosity about his private life, including…