UK economy 'grew faster since start of Covid pandemic than originally thought' - Article Milton Keynes & Wellingborough : Crouchers

UK economy 'grew faster since start of Covid pandemic than originally thought'

Data published by the Office for National Statistics (ONS) has revealed that the UK economy grew at a faster rate since the beginning of the Covid-19 pandemic than experts had anticipated.

02 Oct 2023

Data published by the Office for National Statistics (ONS) has revealed that the UK economy grew at a faster rate since the beginning of the Covid-19 pandemic than experts had anticipated.

Revised ONS data shows that the UK saw faster economic growth than either Germany or France since the end of 2019.

The UK economy grew by 1.8% since the start of the pandemic, according to the ONS, which previously predicted that it would contract by 0.2%.

Experts have warned, however, that the UK is still being adversely affected by 'lacklustre growth'.

Commenting on the findings, Chancellor Jeremy Hunt said: 'We know that the British economy recovered faster from the pandemic than anyone previously thought and data... once again proves the doubters wrong.

'We were among the fastest countries in the G7 to recover from the pandemic and since 2020 we have grown faster than France and Germany.'

acca

Home | Contact us | Site map | Accessibility | Disclaimer | Privacy | Help |

Crouchers Chartered Accountants, 1 Copperhouse Court, Caldecotte Business Park, Milton Keynes, Buckinghamshire MK7 8NL
Crouchers Chartered Accountants, Linden Building A, 8-9 Regents Park, Booth Drive, Wellingborough, Northants NN8 6GR
Crouchers Ltd | Registered Office : Milton Keynes address above | Co. No. : 08647307 | Registered in England
Crouchers Chartered Accountants is registered to carry out audit work in the UK by The Association of Chartered Certified Accountants. Details of our registration can be viewed at www.auditregister.org.uk.

Send an email: hello@crouchers.co.uk

Crouchers Chartered Accountants - Accountants in Milton Keynes & Wellingborough

© 2024 Crouchers Chartered Accountants. All rights reserved. We use cookies on this website, you can find more information about cookies here.