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UK economy stagnated in April – Data

The UK economy saw no growth in April, according to early official figures from the Office for National Statistics.

This comes after a 0.4 per cent increase in March.

A Reuters poll of economists had anticipated this stagnation, attributing it to wet weather negatively impacting retail sales and construction output.

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The ONS report, the last GDP update before the election, revealed that April’s rainfall was 155 per cent above the long-term average.

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Details later…

 

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