UK becomes fastest-growing G7 economy after strong first quarter
The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed Thursday, in a welcome boost to the Labour government, which has made lifting the country's growth its top priority. The Office for National Statistics said growth, as measured by gross domestic product, increased by 0.7% in the first quarter of the year from the final three months of 2024, with the country's dominant services sector doing particularly well. The first quarter increase makes the British economy the fastest-growing among the Group of Seven leading industrial nations.
Associated Press Finance
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25 minutes ago
