this post was submitted on 15 Aug 2024
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UK economy continues recovery with 0.6% growth (www.bbc.com)
submitted 3 months ago by [email protected] to c/[email protected]
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The UK's economy grew by 0.6% between April and June as it continued its recovery from the recession at the end of last year.

The latest figure was in line with forecasts and follows a 0.7% increase in the first three months of this year.

Growth was led by the services sector, in particular the IT industry, legal services and scientific research. Services are the biggest contributor to the UK's economy, far outstripping manufacturing and construction, both of which saw output fall between April and June.

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[โ€“] [email protected] 17 points 3 months ago (1 children)

I mean if everyday things like food and rent are still too expensive then it's not really recovering. I don't really see how the pursuit of endless growth can possibly be good for regular people.

[โ€“] [email protected] 4 points 3 months ago

Exactly this, wake me up when the cost of living increases stop greatly outpacing wages.