UK economy flatlines in April in blow to Conservatives ahead of elections ...Middle East

Economy by : (Business Standard) -
The British economy failed to grow in April, official figures showed Wednesday, in a blow to Prime Minister Rishi Sunak who has made the return of growth and a generally calmer economic backdrop a central pillar of the Conservative Party's election campaign. The Office for National Statistics said wet weather dampened consumer spending and construction during the month. The flat monthly reading came after a 0.6 per cent increase during the first quarter of the year, which Sunak has made much of on the campaign trail following a period of muted growth. Though monthly figures are vulnerable to short-term factors, the flat reading is likely to be used by opponents of the Conservatives in the ru

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