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Sunak's Hopes For 'Bounceback' Fade As UK Economy Flatlines In April
The Guardian
|June 13, 2024
The UK economy flatlined in April, held back by wet weather, as the signs of a recovery from last year's recession began to fade.
In a blow to Rishi Sunak's hopes of signalling a strong bounceback before the general election on 4 July, the Office for National Statistics (ONS) said monthly growth stalled after a 0.4% increase in March.
The economy was unable to maintain its momentum after being weighed down by the struggling retail sector, a downturn in manufacturing and a drop in construction output.
The 0% growth figure matched the forecast by City economists, who blamed the heavy rain for the lack of shoppers and the difficulties faced by workers on building sites.
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