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    Home»Economy»UK economy grows by 0.6% in Q2
    Economy

    UK economy grows by 0.6% in Q2

    Charlotte WhitmoreBy Charlotte WhitmoreAugust 18, 2024No Comments1 Min Read
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    UK economy grows by 0.6% in Q2
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    The UK economy grew by 0.6% between April and June 2024, a slight slowdown compared with the first quarter of the year, according to official data released on Thursday.

    In the period from January to March, the UK's GDP rose by 0.7%, ending the recession in the second half of last year.

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    “The UK economy has grown strongly for two quarters,” said Liz McKeown, director of economic statistics at the ONS.

    Growth in the second quarter was driven by services, technology and scientific research.

    Finance Minister Rachel Reeves responded by saying: “The new government is under no illusions about the difficulties we have inherited after more than a decade of weak economic growth and a £22 billion hole in the public finances.”

    The Labour Party, led by Keir Starmer, came to power in the United Kingdom last month after winning parliamentary elections, ending 14 years of Conservative governments.

    Charlotte Whitmore

    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.

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