UK economy records surprise 0.3% growth in first month of the Iran war
GDP reading ties in with some surveys suggesting UK plc has kept up momentum despite rising fuel costs The UK economy unexpectedly grew during the first full month of the Iran war, according to official figures, suggesting the Middle East conflict has not yet affected growth as much as feared. Figures from the Office for National Statistics (ONS) showed growth of 0.3% in gross domestic product (GDP) in March, from a revised 0.4% rise in February and 0% growth in January. The ONS had originally e
Chancellor says ‘now not the time to put economic stability at risk’ as ONS records 0.3% growth in first month of Iran war
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Analysis: Reeves says ‘if economy ain’t broke, don’t fix it’
The chancellor has seized on official figures showing the UK economy was more resilient than feared at the start of the Iran war as evidence to keep the current Labour leadership in place.
Rachel Reeves hailed the fact that the economy unexpectedly grew in March, during the first month of the conflict in the Middle East, as proof the government had “the right economic plan”.
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