BBC on Nostr: UK economy grew faster than expected in May ========== The UK economy grew by 0.4% in ...
UK economy grew faster than expected in May
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The UK economy grew by 0.4% in May, rebounding from zero growth in April. Construction expanded at the fastest rate in almost a year, with house building and infrastructure projects boosting the industry. The question of how to increase growth in the UK's economy was one of the key battlegrounds in the recent general election. The new Labour government has announced measures to improve growth, including reintroducing housebuilding targets, overhauling planning restrictions, and ending the ban on onshore wind farms in England. In the three months to May 2024, gross domestic product grew by 0.9%, the quickest pace in over two years, driven by strong growth in the services sector. Economists caution against placing too much weight on monthly economic activity due to factors like weather.
#UkEconomy #EconomicGrowth #ConstructionIndustry #RetailIndustry #GeneralElection #LabourGovernment #HousebuildingTargets #PlanningRestrictions #OnshoreWindFarms #GrossDomesticProduct #ServicesSector #Economists
https://www.bbc.com/news/articles/cp682nprlw7o
==========
The UK economy grew by 0.4% in May, rebounding from zero growth in April. Construction expanded at the fastest rate in almost a year, with house building and infrastructure projects boosting the industry. The question of how to increase growth in the UK's economy was one of the key battlegrounds in the recent general election. The new Labour government has announced measures to improve growth, including reintroducing housebuilding targets, overhauling planning restrictions, and ending the ban on onshore wind farms in England. In the three months to May 2024, gross domestic product grew by 0.9%, the quickest pace in over two years, driven by strong growth in the services sector. Economists caution against placing too much weight on monthly economic activity due to factors like weather.
#UkEconomy #EconomicGrowth #ConstructionIndustry #RetailIndustry #GeneralElection #LabourGovernment #HousebuildingTargets #PlanningRestrictions #OnshoreWindFarms #GrossDomesticProduct #ServicesSector #Economists
https://www.bbc.com/news/articles/cp682nprlw7o