GP visits, advertising spending and reopening of hospitality venues all helped economy grow for fifth month running in June
- BREAKING: UK economy returned to growth in Q2
- Growth faster than expected in June
- ONS: Economy is rebounding strongly
- GDP up by 1% in June as restrictions eased, after slowing to 0.6% in May
- Fifth month of growth in a row
- Economy still 2.2% smaller in June than before pandemic
Chancellor of the Exchequer, Rishi Sunak, says the economy is ‘on the mend’ after returning to growth in the second quarter of this year, with a 4.8% rise in GDP.
“Today’s figures show that our economy is on the mend showing strong signs of recovery, thanks to our Plan for Jobs and successful vaccine programme.
“I know there are still challenges to overcome, but I feel confident in the strength of the UK economy and the resilience of the British people.
4.4% UK GDP growth in Q2 2021 is exceptionally strong growth from a historical perspective.
But, of course, its the LEVELS of activity that matter most in the wake of the unprecedented Covid collapse, not rates of change.
And UK GDP still 4.4% below its peak… pic.twitter.com/yFy7sb5v9C