The U.K. economy has now grown strongly for two quarters, following the weakness we saw in the second half of last year,
EY expects the economy to continue growing at a decent pace, though it will struggle to sustain the above-trend rates seen in H1 (the first half of) 2024,
The challenge for government is to firmly lift the U.K.’s growth performance out of the doldrums,
It’s hard to see the UK sustaining these kinds of figures into the second half of the year, although continued impetus from disposable incomes should generate a respectable, if more modest, growth rate of 0.3 percent in the third quarter,
We are under no illusion as to the scale of the challenge we have inherited from the Conservatives after more than a decade of low growth and a 22 billion-pound black hole in the public finances."
Growth across the three months was led by the service sector, where scientific research, the I.T. industry and legal services all did well,