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Tag: Labour Party

Politics

UK economy exits recession ahead of election – Times of India

NEW DELHI: Britain came out of recession with growth that was stronger than expected in the first quarter of 2024. Official data released on Friday provided a boost to Prime Minister Rishi Sunak, who is facing challenges ahead of the upcoming election.Gross domestic product expanded by 0.6 percent in the first three months of this year, the Office for National Statistics (ONS) said in a statement, beating market expectations of 0.4 percent.The economy experienced two quarters of decline in the latter part of last year, which officially qualifies as a recession due to high inflation and a cost-of-living challenge.Sunak, from the governing Conservatives, is behind the main opposition Labour Party before a general election. He has prioritized economic growth."There is no doubt it has been ...