Britain is out of recession after official figures showed the economy ‘going gangbusters’ in the first quarter of the year. The GDP rebounded from its decline at the end of 2023 and increased by 0.6% in the first three months of 2024, quicker than anticipated. A recession is defined as two consecutive quarters of contraction.Continue reading “UK economy Is ‘Turning A Corner’, Says Rishi Sunak”
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As Costs Rise 7 Percent In March, Inflation Reaches Its Highest Level In 30 Years
Chancellor Rishi Sunak is facing more financial pressure after the rate of inflation skyrocketed to a 30 year high. The Office for National Statistics said that the rate of Consumer Prices Index inflation grew to 7 per cent in March from 6.2 per cent in February. The rise was higher than the 6.7 per centContinue reading “As Costs Rise 7 Percent In March, Inflation Reaches Its Highest Level In 30 Years”