The British economy slumped in April, as signs of recovery from last year’s recession began to fade.
In a blow to Rishi Sunak’s hopes of signaling a strong recovery before next month’s general election, the Office for National Statistics said monthly growth slowed after rising 0.4% in March.
The economy was unable to maintain its momentum after suffering a blow from the faltering manufacturing and services sectors.
After promoting the newsletter
Economists in the city expected a stagnation in economic activity, according to a Reuters poll.
Figures released last month showed that the economy grew by 0.6% in the first quarter of the year, the strongest quarterly growth rate since the end of 2021.
More details soon…
“Creator. Devoted pop culture specialist. Certified web fanatic. Unapologetic coffee lover.”