Snack says today’s figures show that the UK economy is being restored
UK GDP rose 4.8% between April and June. It was revealed on Thursday. Most businesses are at least beginning to find their feet once more as lockdown restrictions ease.
The National Bureau of Statistics has shown that the UK economy has been expanded thanks to the retail, restaurant and hotel sectors.
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However, the official GDP figures failed to meet the Bank of England’s 5% expectations.
Compared to before the pandemic, the UK economy is currently 4.4% less.
Commenting on the UK GDP, which shows its economic outlook for aggressive rise and encouragement, Douglas Grant, director of Conister, part of AIM list Manx Financial Group, said: The future of the UK economy. “
However, the light form of UK small businesses and the current default levels caused by the ongoing impact of the pandemic can be truly concerning.
“We must acknowledge that the UK’s business debt burden has swelled to an unprecedented level,” Grant said.
Danni Hewson of AJ Bell Financial Analyst says it helped consumers revive the UK economy.
“People are embracing the opportunity to leave and the services facing consumers are happy to go back to classrooms and have kids back to face-to-face chat with GPS, so they’re back to patients It’s here.”
Prime Minister Rishi Sunak said:
“I still know there are challenges to overcome, but I am confident in the strength of the UK economy and the resilience of the UK people.”
