Reported 11 months ago
Official figures show that the British economy did not grow in April, dampened by wet weather affecting consumer spending and construction. The flat monthly reading, following a 0.6% increase in the first quarter, poses a challenge for Prime Minister Rishi Sunak and the Conservative Party's election campaign. While the ruling party expresses optimism, opponents like the Labour Party highlight the economic standstill as a concern. Concerns also arise regarding inflation and the Bank of England's upcoming interest rate decision, with hopes for a rate cut diminishing. The Conservatives have proposed tax cuts and reduced immigration in their manifesto ahead of the July 4 election, while Labour prepares to unveil theirs.
Source: YAHOO