The UK economy flatlined in April, according to early official figures that have been seized on by the government's critics as evidence the Conservatives' heralded plan is not working.
The UK economy flatlined in April, according to early official figures that have been seized on by the government's critics as evidence the Conservatives' heralded plan is not working. The Office for National Statistics said there was zero growth in April compared to the 0.4% figure recorded during March. A Reuters news agency poll of economists had predicted the 0% performance given earlier evidence that wet weather had knocked retail sales and construction output particularly hard.
Financial markets and economists see little chance of a rate cut, largely because wages are growing at a pace that risks stoking price growth further after significant progress in the battle against inflation. Shadow chancellor Rachel Reeves said of the ONS data: 'Rishi Sunak claims we have turned a corner, but the economy has stalled and there is no growth. 'These figures expose the damage done after 14 years of Conservative chaos.
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