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Economic Data - UK economy grew faster than expected in May
11-07-2024 01:37
The UK economy grew faster than expected in May helped by a strong performance from retailers and the construction industry. The economy expanded by 0.4%, rebounding from zero growth in April when wet weather put off shoppers and slowed down building projects.
Faster UK economy gives growth gift to new government
Britain's economy grew more quickly than expected in May, providing some momentum for the new government of Prime Minister Keir Starmer but adding to doubts about the possibility of a Bank of England interest rate cut next month.
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