UK economy stagnated in April, with no growth following a 0.4% increase in March, due to weak retail sales during Easter.

The UK economy showed no growth in April, according to the Office for National Statistics (ONS), following a 0.4% increase in March. Weak retail sales during the Easter period contributed to the stagnant growth, posing a challenge for Prime Minister Rishi Sunak, who has based part of his General Election campaign on recent economic improvements under his Conservative government. The Bank of England is expected to make its next decision on interest rates next week.

June 12, 2024
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