GDP rise and a less scary outlook offer Rachel Reeves some rare cheer

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GDP rise and a less scary outlook offer Rachel Reeves some rare cheer - short news

After two sickly quarters, upbeat growth data and UK trade deal with US paint brighter picture

UK economy grows 0.7% in first quarter of year

The faster-than-expected UK growth in the first three months of the year is welcome news for a Labour government desperate to make good on its promise of kickstarting the economy.

Under siege from Nigel Farage’s Reform and under pressure from its own MPs over tax and spend, Labour will now point to the 0.7% increase in GDP over the first..

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source: The Guardian - 15.05.2025