UK Economic Growth Stalls in April, Raising Election Stakes
Heavy rainfall halts progress, prompting debate over long-term recovery and political ramifications.
- UK GDP remained flat in April due to unusually heavy rainfall affecting retail and construction sectors.
- Economists argue the flat growth is a temporary setback and expect recovery in the coming months.
- The stagnation poses a challenge to Prime Minister Rishi Sunak's election campaign focused on economic recovery.
- Labour Party criticizes the Conservative government's handling of the economy, citing the latest figures.
- The Bank of England's decision on interest rates is complicated by the recent economic data and upcoming election.