Post-Lockdown Spending Spree Sees Economy Bounce
The Independent|October 01, 2021
The UK economy recovered faster than expected between April and June this year as spending surged after lockdown.
Holly Bancroft
Post-Lockdown Spending Spree Sees Economy Bounce

The Office for National Statistics said that gross domestic product (GDP) increased by 5.5 per cent in the second quarter of the year, after being revised up from the initial estimation of 4.8 per cent.

Shops reopening and a return to eating out helped fuel the upward GDP revision, with household spending contributing four percentage points of the 5.5 per cent increase.

The bounce-back recovery has slowed down in recent months, however, with economic growth easing to only 0.1 per cent in July. This was a drop from 1.4 per cent growth in June.

Jonathan Athow, deputy national statistician at the ONS, explained the new figures, saying: “The economy grew more in the second quarter than previously estimated, with the latest data showing health services and the arts performing better than initially thought.

Denne historien er fra October 01, 2021-utgaven av The Independent.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 01, 2021-utgaven av The Independent.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA THE INDEPENDENTSe alt
Queer villains are a cliche we should have moved past
The Independent

Queer villains are a cliche we should have moved past

Denzel Washington’s sly bisexual villain is a delight to behold in Gladiator II’, writes Louis Chilton. But when combined with two androgynous tyrants, a troubling trope emerges

time-read
3 mins  |
November 19, 2024
The farmers' tax could be a pig in a poke for the country
The Independent

The farmers' tax could be a pig in a poke for the country

With the agriculture sector warning the new tax will send us sleepwalking into a food shortage’, Zoé Beaty looks at the reality of an industry in crisis and how we may all pay a price

time-read
6 mins  |
November 19, 2024
Trump's tariffs would lower our food standards but we may just have to stomach it
The Independent

Trump's tariffs would lower our food standards but we may just have to stomach it

As if the dire predictions for Trump’s second term weren’t scary enough, the Centre for Economic and Business Research (CEBR) has now warned that The Donald’s 20 per cent tariff plan could reduce the UK economy by 0.9 per cent by the end of his administration.

time-read
3 mins  |
November 19, 2024
It's not yet World War Three but 'World War Z' has begun
The Independent

It's not yet World War Three but 'World War Z' has begun

Time was when optimists responded to the imminence of world war with a cocky: \"It'll all be over by Christmas...\"

time-read
3 mins  |
November 19, 2024
Australian senator says she will heckle the King again
The Independent

Australian senator says she will heckle the King again

Australian senator Lidia Thorpe tore up a copy of a motion censuring her for protesting against King Charles during his October visit when she accused him of genocide against Indigenous people.

time-read
2 mins  |
November 19, 2024
Sabotage suspected as two undersea cables severed
The Independent

Sabotage suspected as two undersea cables severed

Two undersea fibre-optic communications cables in the Baltic Sea, including one linking Finland and Germany, were severed, raising suspicions of sabotage, according to countries and companies involved.

time-read
2 mins  |
November 19, 2024
Half of voters surprised by Trump's win, poll finds
The Independent

Half of voters surprised by Trump's win, poll finds

More than half of Americans were surprised by Donald Trump's win in the presidential election - including 43 per cent of Republicans.

time-read
4 mins  |
November 19, 2024
Politicians around the world demand release of jailed Lai
The Independent

Politicians around the world demand release of jailed Lai

Hong Kong activist is facing a life sentence on sham’ charges

time-read
2 mins  |
November 19, 2024
Millions of passengers to be hit by Christmas train chaos
The Independent

Millions of passengers to be hit by Christmas train chaos

The two busiest railway stations in Britain, London Liverpool Street and London Paddington, will close down for days after the last trains on Christmas Eve disrupting journeys for millions of passengers.

time-read
5 mins  |
November 19, 2024
Dozens of British Airways flights delayed by IT failure
The Independent

Dozens of British Airways flights delayed by IT failure

Tens of thousands of British Airways passengers faced delays and possible cancellations after a major IT failure yesterday.

time-read
2 mins  |
November 19, 2024