Pound to Dollar Rate's Relief Rally as UK PMI Data Boosts Sterling on Nostr: UK Economy Stalls in April After Wet Weather Hampers Retail Sales =============== ...
UK Economy Stalls in April After Wet Weather Hampers Retail Sales
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#ceb5d66c ver:0.74
The UK economy stalled in April due to wet weather impacting retail sales, with no growth following a 0.4% expansion in March. Consumer spending declined, and manufacturing and construction sectors also saw a decline. The lack of growth raises concerns ahead of the general election and may influence voter decisions. The Bank of England may consider an interest rate cut, but rising wages and disappointing inflation data could delay it. The UK economy has only grown by 1.7% since the pandemic, and disposable incomes are not expected to recover until 2025-26. The next government must prioritize ending economic stagnation. #UKeconomy #GDP #interestrates...
#newstr #UkEconomy #EconomicGrowth #ServicesSector #ProductionSector #Construction #Weather #BusinessSurveys #ConsumerStrength #Pandemic #DisposableIncomes #InterestRates #HouseholdBills #Inflation #ConsumerSpending #RetailSales #RachelReeves #GdpFigures #OfficeForNationalStatistics
https://here.news/story/ceb5d66c?ver=0.74
===============
#ceb5d66c ver:0.74
The UK economy stalled in April due to wet weather impacting retail sales, with no growth following a 0.4% expansion in March. Consumer spending declined, and manufacturing and construction sectors also saw a decline. The lack of growth raises concerns ahead of the general election and may influence voter decisions. The Bank of England may consider an interest rate cut, but rising wages and disappointing inflation data could delay it. The UK economy has only grown by 1.7% since the pandemic, and disposable incomes are not expected to recover until 2025-26. The next government must prioritize ending economic stagnation. #UKeconomy #GDP #interestrates...
#newstr #UkEconomy #EconomicGrowth #ServicesSector #ProductionSector #Construction #Weather #BusinessSurveys #ConsumerStrength #Pandemic #DisposableIncomes #InterestRates #HouseholdBills #Inflation #ConsumerSpending #RetailSales #RachelReeves #GdpFigures #OfficeForNationalStatistics
https://here.news/story/ceb5d66c?ver=0.74