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Is the UK economy returning to normal?


“The economy is returning to full health for the first time since the pandemic,” Chancellor Jeremy Hunt announced last week, as figures revealed Britain recorded its fastest rate of economic growth in two years.

According to the Office for National Statistics (ONS), the UK economy grew by 0.6% in the first quarter of 2024, beating the Bank of England’s forecast and representing the strongest growth of any G7 country, with the eurozone lagging behind at 0.3%. And the United States by 0.4%.

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