UK economy fared better in 2022 than previously thought, new figures show

UK revises up 2022 economic growth to +4.8%

Britain's economy grew more strongly than previously thought in 2022, according to revised official data that gave more weight to the oil and gas sector which was buoyed by high prices and the health service as it caught up with COVID-19 backlogs.

UK economy fared better in 2022 than previously thought, new figures show

Revised official figures show economic growth was stronger during a year that the country faced double-digit inflation.

UK Economy’s 2022 Growth Was More Than Previously Estimated

The UK economy weathered the impact of double-digit inflation and political turmoil better than initially thought in 2022, according to updated figures showing a faster increase in output.