UK Economy Surprises with 0.3% Growth in Iran War Month
The UK economy grew 0.3% in March despite the Iran war, beating expectations of a 0.2% contraction. Services led growth, but consumer spending on recreation fell.
The UK economy grew 0.3% in March despite the Iran war, beating expectations of a 0.2% contraction. Services led growth, but consumer spending on recreation fell.
Chancellor Rachel Reeves says UK GDP growth of 0.3% in March and 0.6% in Q1 proves her economic strategy is working, warning against instability amid leadership challenges.
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National Grid commits £70bn over five years for UK and US energy networks, focusing on net-zero transition, with £31bn for UK electricity transmission.
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UK GDP grew 0.3% in March, beating expectations, despite the Iran war. First-quarter growth hit 0.6%, driven by services. Energy costs and trade disruption pose risks ahead.
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Plans for 882 homes including 340 co-living units on a disused car park near Sudbury Hill Tube station face local opposition over scale and traffic concerns.
UK stocks and bonds face turmoil as Labour leadership challenge looms. Wes Streeting expected to resign and bid to oust Starmer, while Middle East conflict pressures oil supply.
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PwC brings back half-day Fridays for summer, allowing employees to finish work at lunchtime from July to August to boost morale and flexibility.
Schroders plans to expand its European ETF business through platform partnerships, aiming to increase market share in the region.
The Investment Association has chosen John Owen, a partner at EY, as its next chief executive, succeeding Chris Cummings. Owen will lead the trade body representing UK asset managers.
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RICS survey reveals UK housing market remains subdued due to Iran war, with buyer demand low and prices falling, especially in London and the South East.
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Modella Capital's takeover of WH Smith's high street chain, rebranded as TG Jones, faces a critical restructuring with up to 150 store closures and thousands of job cuts, as the low-profile firm positions itself as key creditor, landlord, and brand owner.
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