Article 6NFBM Another washout for Rishi Sunak as rain dampens UK growth

Another washout for Rishi Sunak as rain dampens UK growth

by
Larry Elliott Economics editor
from on (#6NFBM)

GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut

Rishi Sunak must be cursing the British weather. He got soaked to the skin when announcing the general election outside 10 Downing Street last month. Now it appears wet weather has brought a halt to the UK's economic recovery.

Statisticians always caution against reading too much into a single month's figures and on a quarterly basis things don't look too bad for the prime minister. Indeed, the economy expanded by 0.7% in the three months to April, compared with 0.6% in the quarter ending in March.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments