HomeBussinessUK economy flatlines in blow to Rishi Sunak’s hopes of recovery

UK economy flatlines in blow to Rishi Sunak’s hopes of recovery

Date:

Related stories

spot_imgspot_img

The UK economy flatlined in April as the signs of a recovery from last year’s recession began to fade.

In a blow to Rishi Sunak’s hopes of signalling a strong bounceback before the general election next month, the Office for National Statistics (ONS) said monthly growth slowed after a 0.4% increase in March.

The economy was unable to maintain its momentum after being weighed down by the struggling services and manufacturing sectors.

skip past newsletter promotion

City economists had forecast that economic activity would flatline, according to a poll by Reuters.

Figures released last month showed the economy grew by 0.6% in the first quarter of the year – the strongest rate of quarterly growth since the end of 2021.

More details soon …

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img