City of London skyline on June 10, 2024 in London, England. The City of London is a city, ceremonial shire and local government area containing London’s main central business district (CBD). The City of London is widely known simply as “The City” and colloquially as “The Square Mile”.
Mike Camp | In Pictures | Getty Images
LONDON – Preliminary data released by the Office for National Statistics on Thursday showed that the British economy grew by 0.4% in May.
The figure was higher than a 0.2% expansion forecast in a Reuters poll of economists.
The UK economy emerged from a shallow recession in the first quarter of the year before leveling off in April.
In May, the country’s leading service industry continued to grow by 0.3%.
Goldman Sachs last week raised its growth forecast for Britain after the centre-left Labor Party secured a landslide victory in the UK general election.
This is a breaking news story and will be updated soon.
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