The UK economy has shown significant growth in the first quarter of 2024, surpassing expectations and marking the end of a recession. Chancellor Jeremy Hunt and Prime Minister Rishi Sunak have both highlighted the positive growth figures, with the economy growing by 0.6% in the first three months of the year. This growth is described as the first 'trend growth rate' seen in years and is stronger than that of other major European nations. The UK's performance was the fastest in the G7, and the Sterling has risen following these reports. The growth has been attributed to effective economic policies and is seen as a sign that the UK is returning to full health for the first time since the pandemic.
Prime Minister, @RishiSunak speaks to @EdConwaySky about the economy, after new figures show the UK is no longer in recession Full story ➡️ https://t.co/4wRUaIKBQx https://t.co/hpk9CNeous
Really positive news for the British economy as we see, “…the strongest growth of any G7 country…” “The UK economy started the year with a bang.” said Henry Cook, an economist at MUFG. @Conservatives https://t.co/nNOlEWb35f
UK Economy going Gangbusters https://t.co/AbvO2tQbOa
NEWS: We've grown faster than France, Germany, Italy & the USA over the last quarter, and in the last week leading firms have invested over £2bn in the UK. We are sticking to the plan & the plan is working. Find out more by listening to the Chancellor @Jeremy_Hunt 👇 https://t.co/morK0OTFsN
🔴 Boost for Rishi Sunak from ‘gangbusters’ growth – of just 0.6pc https://t.co/TNSqfKAGPv
Watch Business Live with Ian King: UK no longer in recession, official figures show, as 'confident' Sunak insists economy has 'real momentum' Latest business news 👉 https://t.co/rXKaNflg0R https://t.co/i1dsrlIgmk
BREAKING: PM Rishi Sunak tells Sky News that the UK economy is "getting healthier every week", after ONS figures showed that we are out of recession https://t.co/md9uOSpm83 📺 Sky 501, Virgin 602, Freeview 233 and YouTube https://t.co/6fjPpyIn2a
'Finally a good news story for the UK': GDP growth fastest in more than two years https://t.co/r7RT0Kff8n
UK Expands Faster Than Forecast In Q1, As Economy Exits Recession https://t.co/bN5IWLoDqj @ONS #BankofEngland https://t.co/RQmYPDpvSD
Britain is not just out of recession. It is out of recession with a bang Read more👇 https://t.co/aVc1Aq9oUW
The economy is turning the corner. We have the joint fastest growth in the G7 this quarter. Since 2010, the UK has grown faster than France, Germany, Italy, and Japan. The plan is working. https://t.co/F25WPLqDak
Q1 2024 GDP growth significantly stronger than markets expected - fastest in the G7. Some good news to go alongside with the sunshine. https://t.co/8pcwCiIcod
UK exits recession with fastest growth in nearly three years - Reuters https://t.co/eckF370tWC
Sterling rises after UK economy beats expectations and exits recession https://t.co/rEsVFA4tjx https://t.co/FKedp9KFNF
NEW This morning: the UK is out recession and saw higher than expected growth in the first quarter of the year Via @tomelleryrees https://t.co/EuHVbdGxxW
UK economy returns to growth in Q1📈 With growth ahead of forecasts, it’s clear that the UK economy has turned the corner after a difficult period 🇬🇧 https://t.co/lThkDRjYQT
Lots still to do, but positive signs that we are turning the corner from global pressures and growing our economy. The results are better than most economists, including the Bank of England, expected, and growth stronger than major European nations. https://t.co/SwZkzFsato
UK's Hunt: Growth figures show economy has returned to health https://t.co/cBRbnryafe https://t.co/zGaQuVYGH9
0.6% quarterly growth. 🙂 Better than expected. Rishi Sunak will be pleased, even if history suggests it won't make much difference to governments in predicaments like this. https://t.co/hApRx3GuHn
Very strong growth in Q1 - good news for the economy, for families and business
Strong growth of 0.6% after the mildest recession on record. Earnings and pensions growing well ahead of inflation. And inflation on track to fall back to the 2% target. It's been a tough few years for the whole global economy but the UK economy is clearly turning a corner.
UK says recession ended with stronger than expected growth https://t.co/A01gvAvPqN via @tomelleryrees https://t.co/vKyX2uAMP9
NEW: UK officially out of recession. Economy grew by 0.6% in 1st 3 months of year. PM will use it to say plan is working. Reeves: ‘This no time for Tories to do a victory lap & say people never had it so good. The economy is still £300 smaller than when Sunak became became PM’ https://t.co/aavtyXd95t
Britain bounced back strongly from a recession, providing some relief for Prime Minister Rishi Sunak who has so far struggled to deliver on his promise to grow the economy https://t.co/FsNCSa8ckj
Not just out of recession. Not just faster than expectations. This is a genuinely good growth rate, the first "trend growth rate" we've seen in years. @RishiSunak and @Jeremy_Hunt will be delighted https://t.co/E8ZxRyZKpJ
🔴Britain’s economy has escaped recession after the economy grew at the start of the year, official figures show Live updates here: https://t.co/fvogCLYxZj https://t.co/DTmRxqMPhz
Watch Sky News Breakfast as the UK is no longer in recession👇 https://t.co/ICNfr3PprT
UK'S CHANCELLOR HUNT: TODAY'S GROWTH FIGURES ARE PROOF THAT ECONOMY IS RETURNING TO FULL HEALTH FOR FIRST TIME SINCE PANDEMIC.
UK Economy in Far Better Shape Than Naysayers Claim, Chancellor Hunt Says - WSJ https://t.co/q5KA8lFtR6
UK'S CHANCELLOR HUNT: THE UK ECONOMY HAS LIKELY ESCAPED RECESSION - WSJ.