Home Business news UK economy accelerates as tourism and hospitality emerge from lockdown

UK economy accelerates as tourism and hospitality emerge from lockdown

12

Output picked up in May as sectors reopened but lockdown extension may hit some hospitality firms

The UK’s economic recovery accelerated in May as tourism and recreation firms reopened, but the delay in ending Covid-19 restrictions is putting hospitality firms at risk, research shows.

Eleven out of 14 UK sectors reported faster growth in output month on month in May, up from nine in April, according to the Lloyds Bank UK Recovery Tracker, as the UK moved further out of lockdown.

Continue reading…Output picked up in May as sectors reopened but lockdown extension may hit some hospitality firmsSee all our coronavirus coverageThe UK’s economic recovery accelerated in May as tourism and recreation firms reopened, but the delay in ending Covid-19 restrictions is putting hospitality firms at risk, research shows.Eleven out of 14 UK sectors reported faster growth in output month on month in May, up from nine in April, according to the Lloyds Bank UK Recovery Tracker, as the UK moved further out of lockdown. Continue reading…