UK economy

UK swings to economic growth in January 2024

The economy grew by 0.2%, ONS figures show, boosted by sales in shops and online and from more construction activity.

Hopefully this means the UK is on its way out of recession.

The Office for National Statistics (ONS) said the services sector led the bounce back.

This is an early dataset, but demonstrates how the UK, which entered recession at the end of 2023, is faring.

ONS data suggests UK could be exiting a short-lived ‘technical’ recession

UK swings to economic growth in January 2024

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