the economy to UK He grew more than expected in early 2025, which strengthened Finance Minister and Finance Minister Rachel Reeves, who faces a more difficult test due to tax increases on companies and Donald Trump's commercial wars.
Between January and March, the economy grew by 0.7 %, which is a sharp progress of 0.1 % expansion in the past three months of 2024, and official data showed on Thursday (15).
The result was 0.6 % higher expected in a Reuters poll with economists and was also expected by the Bank of England.
In March alone, the economy grew unexpectedly, expanding 0.2 % compared to February. Reuters research indicated stability.
Reeves, who was criticized by business leaders and opposition parties for his decision to increase contributions to social security from April, said the data is a display of the strength and capabilities of the economy.
“In the first three months of the year, the UK economy grew faster than the United States, Canada, France, Italy and Germany,” she said in a statement.
Reeves and Prime Minister Kiir Starmer are trying to accelerate the economy by increasing spending on infrastructure and other reforms that will stimulate investment.
However, the Bank of England said last week that it expected to be a strong growth from January to March, as production may expand by 1 % this year.
Trump's commercial tariffs are expected to slow down the global economy, while British companies say they will be affected by significant tax increases in Reeves, which were recommended to work and the minimum wage, which entered into force in April.
Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.