UK economy defies gloomy warnings to grow 0.7% in first quarter of year - short news
Expansion came despite looming tax rises and tariffs but economists predict growth will weaken in coming months
The UK economy grew by 0.7% in the first three months of the year, according to official figures, defying business warnings of a collapse in confidence ahead of Labour’s tax increases and Donald Trump’s sweeping tariffs.
The Office for National Statistics said gross domestic product (GDP) rose at the strongest pace in a year over the first quarter, continuing an..
source: The Guardian - 15.05.2025