UK Economy

Britain’s economy rebounded in May, official data showed on Wednesday, dampening fears of a slowdown despite surging inflation and rising interest rates. Gross domestic product expanded by 0.5 percent, the Office for National Statistics said in...

The UK economy shrank by a record 9.9% last year as coronavirus restrictions hit output, official figures show. The contraction in 2020 “was more than twice as much as the previous largest annual fall on record”,...