Figures may seem positive at first glance but the broader picture for UK plc is still one of relative stagnation
- Hopes of UK exit from recession boosted as GDP rises
- UK’s weak economy is taking a toll on its labour market
Britain’s economy is on the road to recovery. After a dismal end to last year as soaring living costs forced households to cut back their spending, official figures show growth returned in January with a modest 0.2% increase.
The early signals show that the UK is on track to emerge from a minor recession within months, powered by a recovery in consumer spending amid resilient pay growth and receding inflation. But that isn’t to say the economy is racing ahead, or that a renaissance in living standards awaits.
Continue reading…Figures may seem positive at first glance but the broader picture for UK plc is still one of relative stagnationHopes of UK exit from recession boosted as GDP risesUK’s weak economy is taking a toll on its labour marketBritain’s economy is on the road to recovery. After a dismal end to last year as soaring living costs forced households to cut back their spending, official figures show growth returned in January with a modest 0.2% increase.The early signals show that the UK is on track to emerge from a minor recession within months, powered by a recovery in consumer spending amid resilient pay growth and receding inflation. But that isn’t to say the economy is racing ahead, or that a renaissance in living standards awaits. Continue reading…
