Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
The UK economy grew by 0.4 per cent in May, a higher-than-expected figure that provided a boost for Sir Keir Starmer’s new Labour government.
The month-on-month rise followed zero growth in April, the Office for National Statistics said on Thursday.
It also exceeded a 0.2 per cent forecast for May by economists polled by Reuters.
Labour, which swept to power in last week’s general election, has said growth is now the government’s “national mission” and is hoping planning reforms will help lift an economy that has underperformed many of its peers since the pandemic.
This is a developing story
Credit: Source link
