HomeNewsWorldUK economy grows in May, boosting new government

UK economy grows in May, boosting new government

Gross domestic product growth came in at 0.4 percent in May, which compared with flat GDP in April, the Office for National Statistics said in a statement.

July 11, 2024 / 12:02 IST
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UK economy grows in May, boosting new government
UK economy grows in May, boosting new government

Britain's economic output grew better-than-expected in May, official data showed Thursday, handing an early boost to the country's newly-elected Labour government.

Gross domestic product growth came in at 0.4 percent in May, which compared with flat GDP in April, the Office for National Statistics said in a statement.

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Analysts' consensus had been for growth of 0.2 percent in May.

"Delivering economic growth is our national mission, and we don't have a minute to waste," Britain's new finance minister Rachel Reeves said in response to Thursday's data.