Another washout for Rishi Sunak as rain dampens UK growth

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GDP figures are not strong enough to help in general election but not weak enough to prompt interest rate cut

Statisticians always caution against reading too much into a single month’s figures and on a quarterly basis things don’t look too bad for the prime minister. Indeed, the economy expanded by 0.7% in the three months to April, compared

What’s more, the economy would have grown in April had it not been for a 1.7% drop in construction output and a 2% fall in retail activity. Both declines were almost certainly weather-related.

 

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