2024 Q1 UK economy grew 0.7% (revised from 0.6%), driven by services sector growth.

UK's economy grew faster than expected at the start of 2024, with GDP increasing by 0.7% in Q1, according to revised figures from the Office for National Statistics (ONS). This is an upgrade from the initial estimate of a 0.6% increase. The economy's recovery was driven by the services sector, with growth in professional services, transport, and storage sectors. This news provides a boost for the UK government ahead of the election.

June 28, 2024
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