From “going gangbusters” to skidding on a wet road, Rishi Sunak’s economic recovery has been dampened by Britain’s record-breaking soggy spring. The unexpected vim shown by UK plc earlier this year vanished during April, for which early estimates of GDP growth released by the Office for National Statistics (ONS) yesterday are dead-on zero.
What went wrong? A lot of it was down to bad weather, which halted many parts of the economy and saw construction decline by 1.4 per cent. Manufacturing was also mired in the red – production posted a 0.9 per cent decline – erasing the modest growth in the services sector.
April’s poor numbers did not come as a surprise, having been predicted by the Reuters poll of City economists. So score one for the forecasters, for a change. However, after the economy expanded by a surprisingly strong 0.6 per cent in the first part of the year, it can’t be seen as anything other than a disappointment.
Denne historien er fra June 13, 2024-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.
Allerede abonnent ? Logg på
Denne historien er fra June 13, 2024-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.
Allerede abonnent? Logg på
Djokovic faces monumental task at the Australian Open
Novak Djokovic could play Carlos Alcaraz in the quarter-finals of the Australian Open and may also have to face world No 2 Alexander Zverev and world No 1 Jannik Sinner if he is to win a 25th grand slam title in Melbourne.
Potter's West Ham gamble is a make-or-break moment
Doubts remain over new Hammers man after Chelsea failure
'Woody told us all week we would get Newcastle away!'
After more than a century in the lower tiers, League Two side Bromley FC are finally in the spotlight with their FA Cup tie
Ambitious Everton look for upgrade on the Dyche grind
Sean Dyche was never the manager Everton really wanted.
Everton ease to FA Cup win as team reboot starts
They are not used to cheering the men in the technical area.
THE ART OF NOISE
Alt-popper Ethel Cain lashes listeners with sound on her experimental second LP, 'Perverts'. Helen Brown submits
Kidman is utterly fearless in unabashedly sexy 'Babygirl'
Dutch writer-director Halina Reijn has made a BDSM film rife with fumbling uncertainty, and comedy-drama 'A Real Pain' manages to stay honest,
The secret shame that saw Callas retreat into obscurity
She was the opera diva with a tumultuous and tragic private life but something else would derail her career as one of the greatest singers of all time, as Meghan Lloyd Davies explains
At home with Gen Zzzzz
Being boring has never been more in - but Kate Rossiensky wonders if the humblebore lifestyle is a deflection technique
PLAYING DUMB
As the thoroughly decent (and rather smart) Kasim is ejected from 'The Traitors', Helen Coffey asks whether intelligence has become a hindrance that should be concealed at all costs