Boost for Reeves as GDP shows 0.6% growth despite Iran war crisis

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"The UK economy grew by 0.6 per cent this year according to latest gross domestic product (GDP) figures, in a boost for Rachel Reeves amid the Iran war crisis. It follows days of economic turbulence as Keir Starmer's leadership crisis continues as the pound dropped and investors have been selling government bonds all as ministers resign. More tha 80 MPs have called for the prime minister to step down from his role."

"Chancellor Rachel Reeves has said her choices mean our economy is in a stronger position as we deal with the costs of the war in Iran. Most economists expected official figures to show the economy slamming into reverse in March, with a 0.2 per cent contraction following 0.5 per cent growth in February But the outturn for the quarter as a whole was boosted by the performance in the first two months of the year, making it the strongest quarterly growth in a year."

"The ONS also said GDP increased by 0.3 per cent in March, surprising economists who had been expecting growth to slow following the onset of the war in the Middle"

The Independent emphasizes on-the-ground reporting across issues including reproductive rights, climate change, and Big Tech, aiming to separate facts from messaging. It describes funding through donations and states that reporting and analysis are not restricted by paywalls. In the UK, latest GDP figures show the economy grew 0.6% this year, supporting Chancellor Rachel Reeves during an Iran war crisis. The period followed economic turbulence, including pound weakness and investor selling of government bonds amid minister resignations and a leadership crisis. More than 80 MPs called for the prime minister to step down. Economists expected a March contraction, but GDP rose 0.3% in March, and quarterly growth was boosted by strong performance in the first two months.

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