UK economy returns to growth after Brits spend more in pubs, bars and shops
The UK economy has returned to growth after a boost in stronger spending in pubs, bars and shops. The UK's gross domestic product increased by 0.2 percent in April after a 0.3 percent fall in March, the Office for National Statistics has revealed.
However in April, the UK economy appeared to have bounced back after a recovery in consumer-facing services, which grew 1 percent for the month, as Brits are spending more on drinking, eating out and shopping.In response to the growth, the Chancellor of the Exchequer Jeremy Hunt said: "We are growing the economy, with the IMF saying that from 2025 we will grow faster than Germany, France and Italy.
The statistics body said the overall services industry grew by 0.3 percent for the month, as it recovered from a 0.5 percent decline in March.
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