Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 3
- Left
- 1
- Center
- 2
- Right
- 0
- Unrated
- 0
- Last Updated
- 45 days ago
- Bias Distribution
- 67% Center
The UK economy experienced stronger-than-expected growth in May, with GDP increasing by 0.4% after a flat April, according to the Office for National Statistics (ONS). This growth was driven by a rebound in consumer spending and a significant rise in construction activity, which saw its fastest expansion in nearly a year. Economists had predicted a more modest growth of 0.2%. The positive economic performance comes as a boost to the newly elected Labour government, which has prioritized economic recovery. Chancellor Rachel Reeves has vowed to make economic growth a national mission, aiming for the highest sustained growth in the G7. Inflation has also returned to the government's 2% target, potentially leading the Bank of England to cut interest rates soon, offering relief to households facing high mortgage costs.
- Total News Sources
- 3
- Left
- 1
- Center
- 2
- Right
- 0
- Unrated
- 0
- Last Updated
- 45 days ago
- Bias Distribution
- 67% Center
Negative
20Serious
Neutral
Optimistic
Positive
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