US EditionUK economy expands by 0.5% in February, higher than expected
- The ONS reported that the UK economy grew by 0.5% in February, exceeding market expectations of 0.2%.
- American firms increased importing goods from Britain before new tariffs imposed by Donald Trump took effect.
- Exports rose to £5.9 billion, marking the third consecutive monthly increase, with car exports significant at £8.3 billion.
- William Bain noted firms increased export of goods to the US ahead of tariffs; Suren Thiru cited financial market bedlam.
- The US remains the UK's most vital export market, but these tariffs could negatively impact key sectors and overall growth.
99 Articles
99 Articles
Tax rises 'likely' and 'obvious' - why Reeves is running out of options
The financial turmoil in the wake of Donald Trump’s tariffs agenda is making it increasingly likely Chancellor Rachel Reeves will have to raise taxes in the autumn, leading economists have said.Even though Reeves was boosted on Friday by figures revealing an unexpected 0.5 per cent rise in GDP in February, the UK’s economy has remained stubbornly sluggish. And with US tariffs of 10 per cent on British goods – rising to 25 per cent for the key in…
UK Economy Grows Faster Than Expected in February as Trump Tariff Threat Looms
Britain’s economy picked up faster than expected in February, in a boost for Labour ahead of an expected slump caused by U.S. President Donald Trump’s trade policies. The Office for National Statistics (ONS) said GDP grew by 0.5 percent, surprising economists who had forecast just 0.1 percent growth. It also marks a significant monthly improvement after no growth in January, the ONS added, after revising a previous estimate of a 0.1 percent fall…
Daily Journal
UK's unexpected economic rebound boosts govt amid Trump tariffs
Britain's economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs.
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