Home » Next PM likely to inherit improved economic backdrop after UK growth revised up

Next PM likely to inherit improved economic backdrop after UK growth revised up

Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returning

The UK economy grew at a faster rate than previously thought in the first quarter of 2024, handing the next prime minister an improved economic backdrop.

Gross domestic product (GDP) rose by 0.7% in the first three months of 2024, revised upwards by the Office for National Statistics from a first estimate of 0.6%.

Continue reading… The Guardian Read More Updated quarterly GDP confirms UK was fastest-growing economy in G7 with consumer confidence returningThe UK economy grew at a faster rate than previously thought in the first quarter of 2024, handing the next prime minister an improved economic backdrop.Gross domestic product (GDP) rose by 0.7% in the first three months of 2024, revised upwards by the Office for National Statistics from a first estimate of 0.6%. Continue reading…