The UK financial system grew by 0.7% in Q1 2025, its quickest tempo in a 12 months, beating forecasts of 0.6%.
This made the UK the fastest-growing financial system amongst G7 nations for the quarter. Progress was pushed primarily by the robust efficiency of the companies sector.
Treasury chief Rachel Reeves stated the figures replicate the early success of Labour’s financial insurance policies since taking workplace in July 2024.
Economists count on development to sluggish in Q2 resulting from new enterprise taxes, increased family payments, and international uncertainty from US commerce insurance policies.
A brand new UK-US commerce deal introduced some aid, with decreased tariffs on British autos, metal, and aluminium, although total demand should still weaken.
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