Britain IS out of recession: Boost for Rishi Sunak as economy expanded by 0.6% ... trends now

View
comments

Britain is out of recession after official figures showed the economy growing strongly in the first quarter of the year.

GDP expanded by 0.6 per cent in the first three months of 2024, faster than expected and clawing back ground after going into reverse at the end of 2023.

Recession is defined as two consecutive quarters of contraction.

The confirmation is a boost for Rishi Sunak and Chancellor Jeremy Hunt as they desperately try to prove to voters that their plan is working.

The PM insisted 'the economy has turned a corner'. 'We know things are still tough for many people, but the plan is working, and we must stick to it,' he said. 

Mr Hunt said it was 'proof that the economy is returning to full health for the first time since the pandemic'.