The UK economy grew 0.7 per cent in the first quarter, the fastest pace in a year, in a boost to Labour ahead of the impact of US President Donald Trump’s tariffs.
Thursday’s GDP figure for the first three months of the year was above the 0.6 per cent forecast by economists in a Reuters poll and up from the 0.1 per cent expansion in the fourth quarter.
The first quarter’s performance was powered by an increase in investment and a positive contribution from net trade, according to the Office for National Statistics. In March, the economy expanded 0.2 per cent compared with analysts’ forecast of no growth.
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