Economy returns to growth after two months of contraction. What it means for your money 💷⬇️
as Prime Minister, has said he would only lower taxes once inflation was in check if he enters No 10.
“The key source of upside surprise came from a surge in GP appointments; growth in consumer facing services actually fell over the month, with notable weakness noted in the retail sector. The one bright spot remains the travel sector, with demand for holidays remaining strong. If May had shown the economy contracting further, it would have meant the UK had seen one quarter of negative growth.
“Of course, it is far too soon to conclude that the economy will be able to get through this period of unusually high inflation largely unscathed. With real household disposable incomes set to fall further in the third quarter, a recession is still a real risk,” he said.
Belgique Dernières Nouvelles, Belgique Actualités
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