UK economy grew by 0.1% in May despite impact of Iran war

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The UK economy grew by 0.1% in May after a slight decline in April, showing resilience despite rising energy costs linked to the Iran war. Official statistics confirm growth aligns with economist expectations.

Rise in GDP follows a 0.1% decline in April, figures from the Office for National Statistics show The UK economy grew by 0.1% in May, despite the impact of the Iran war on energy costs, official figures show. The Office for National Statistics said GDP rose, following a 0.1% decline in April. The figures were in line with a 0.1% rise in May that economists had forecast. Continue reading...