Economy And Business

UK Economy Stagnated In April 2024

This comes after a 0.4 per cent increase in March.

The UK Economy stagnated in April 2024, new data has shown.

 

NewsOnline Nigeria reports that the UK economy saw no growth in April, according to early official figures from the Office for National Statistics.

 

This comes after a 0.4 per cent increase in March.

 

ALSO: President Bola Tinubu’s National Broadcast On 2024 Democracy Day (FULL TEXT)

 

A Reuters poll of economists had anticipated this stagnation, attributing it to wet weather negatively impacting retail sales and construction output.

 

The ONS report, the last GDP update before the election, revealed that April’s rainfall was 155 per cent above the long-term average.

 

Details later…….

NewsOnline Nigeria

Recent Posts

  • Economy And Business
  • Top Stories

Aliko Dangote Plans $40bn Multi-Exchange IPO for Dangote Refinery Expansion Across Africa

Aliko Dangote has planned $40bn Multi-Exchange IPO for Dangote Refinery expansion across Africa.   NewsOnline…

5 minutes ago
  • Brands & Marketing

GTCO Announces Record ₦12.76 Dividend, Shareholders Applaud Strong 2025 Performance

GTCO has announced record ₦12.76 dividend as shareholders applaud strong 2025 performance.   NewsOnline Nigeria…

9 hours ago
  • Headline
  • Politics

BREAKING: Datti Baba-Ahmed Dumps Labour Party, Set to Join Peoples Redemption Party

Datti Baba-Ahmed has dumped Labour Party and is set to join Peoples Redemption Party.  …

9 hours ago
  • 2027 Election
  • Headline

Labour Party Elects Nenadi Usman as First Female National Chairman Ahead of 2027 Elections

Labour Party has elected Nenadi Usman as First Female National Chairman ahead of 2027 elections.…

10 hours ago
  • Opinion

Power at All Costs: The Illusion of Wealth Without Purpose By Festus Edovia

It is often worth asking: why do some people struggle to acquire everything; wealth, influence,…

10 hours ago
  • Opinion

Power Without Solutions: When Politics Overshadows Governance in Nigeria By Festus Edovia

It is becoming increasingly difficult to ignore a troubling reality in Nigeria today: the gap…

10 hours ago