UK is fastest-growing G7 member after economy expands by 0.7% – business live
UK economy posts its fastest quarterly growth in a year, outpacing rivals
Chancellor Rachel Reeves has hailed today’s growth figures, pointing out that the UK expanded faster than other major economies in January-March.
But … Reeves is also cautioning that there is ‘more to do’:
“Today’s growth figures show the strength and potential of the UK economy.
“In the first three months of the year, the UK economy has grown faster than the US, Canada, France, Italy and Germany.
UK: +0.7% growth
Canada: estimated to have grown by 0.4%
Italy: 0.3% growth
Germany: 0.2% growth
France: 0.1% growth
US: -0.075% (or -0.3% on an annualised basis)
Japan: reporting tomorrow, -0.1% forecast Continue reading...
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