The UK economy provided some unexpected positive news today as high street sales grew by more than anticipated and the public finances continued to outperform.Analysts had expected a 0.4% contraction.
The positive performance suggests the wider economy is likely to grow faster than expected in the first quarter of the year.Some economists suggested the leap could be evidence of consumers- though the fact that food sales declined may discount this possibility. The Office for National Statistics also revealed that government borrowing had dropped to its lowest level in 17 years this financial year, as tax revenues continue to come in above expectations.More from Business
Tax revenues coming in above expectation. 🤔🤔
Surely positive news goes against the doom and gloom rhetoric.
Even there Sky News subverts the true picture by suggesting 'stockpiling' in the event of WTO on 29th March...disgraceful!
As we expected. MarkCarney_BOE and PhilipHammondUK lied in pursuit of their EU utopian dream.
Bring on Brexit🇬🇧
'....maybe expanding at a better rate than expected' Maybe, come on, either it is or it isn't.
you wouldn't cheer if you got work of one hour, about £8 a fortnight only to be considered employed
Should the BoE raise UK Interest Rates today, on this good news?
Good news for the UK economy, especially considering the rhetoric that the UK economy is in free-fall approaching Brexit.
Everyone is stockpiling!....There will be a major correction.
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Source: The Guardian - 🏆 84. / 53 Read more »