Open

Latest news

Explore insightful perspectives and expert advice on finance

Home |Latest news |UK economy 'grew by more than previously estimated' at start of 2024

Latest news

Browse by category
Business News

UK economy 'grew by more than previously estimated' at start of 2024

June 28 2024

Revised figures published by the Office for National Statistics (ONS) have shown that the UK economy grew by more than initially estimated at the start of this year.

According to the ONS, the economy grew by 0.7% between January and March 2024, up from the previous figure of 0.6%, which was published last month.

The revised figure means that the economy bounced back even stronger than first anticipated from a recession at the end of last year.

The figure of 0.6% was already stronger than expected, according to economists. Growth in the UK services sector helped to push it even higher, the ONS said.

Commenting on the matter, Paul Dales, Chief UK Economist at Capital Economics, said that the revised figure was 'mainly due to upward revisions to consumer spending', and stated that the new Prime Minister 'may benefit from the economic recovery being a bit stronger'. 

Here to help

Please complete the form below and our expert team will be in touch.

  • Contact details

    • *
    • *

  • What services are you interested in?

    • *

  • Message

    • *

  • Which location would you like to contact?

  • Communication

    • *Indicates a required fields.†At least one form of contact is required.

      By submitting this form, you agree that Attwoods can process your information in order to respond to your enquiry. For more information visit our Privacy Policy.

Bromsgrove
Bromsgrove

Attwoods is proudly based in the historic market town of Bromsgrove, Worcestershire

  • 182 Worcester Road
  • Bromsgrove
  • Worcestershire
  • B61 7AZ
Call us01527 874170
Learn more about BromsgroveGet in touch
Evesham
Evesham

Attwoods is proudly based in the picturesque town of Evesham, Worcestershire; nestled in the heart of the Vale of Evesham

  • 90-92 High Street
  • Evesham
  • Worcestershire
  • WR11 4EU
Call us01386 424388
Learn more about EveshamGet in touch
Pershore
Pershore

Attwoods is proudly based in the Georgian market town of Pershore, Worcestershire.

  • Perrott House
  • 17 Bridge Street
  • Pershore
  • Worcestershire
  • WR10 1AJ
Call us01386 554870
Learn more about PershoreGet in touch
  • Xero Logo
  • Gold Partner Logo
  • Sage
  • QuickBooks Platinum

The practices of Attwoods are carried on by Attwoods Accountants Limited, Attwoods Business Services Limited, Attwoods (Bromsgrove) Limited. Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.