Faster UK economy gives growth gift to new government

By Andy Bruce
Updated July 11 2024 - 5:15pm, first published 5:10pm
May saw a broad-based increase in economic output, increasing 0.4 per cent, official figures show. (AP PHOTO)
May saw a broad-based increase in economic output, increasing 0.4 per cent, official figures show. (AP PHOTO)

Britain's economy grew more quickly than expected in May, providing some momentum for the new government of Prime Minister Keir Starmer but adding to doubts about the possibility of a Bank of England interest rate cut in August.

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