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Business live
UK economy escapes recession with 0.6% growth in the last quarter
Live  
UK economy escapes recession with 0.6% growth in the last quarter
Short recession is over, as UK economy grows faster than forecast in January-March quarter
Headlines
GDP  
UK has moved out of recession, official figures show
UK has moved out of recession, official figures show
Steel industry  
Tata workers vote to take industrial action over job losses
'On the brink'  
UK farmers consider quitting after extreme wet weather and low profits
Apple  
Company apologises for iPad ad criticised as ‘destruction of the human experience’
Sport  
Revealed: how ‘fun’ social media accounts direct fans to betting giant
Telegraph takeover  
Zucker ‘would have done bid differently’ in hindsight
IT scandal  
Post Office deceived barrister reviewing Horizon conviction, inquiry hears
Cardiff  
Beloved pub demolished in 2012 reopens after brick-by-brick rebuild on new site
Energy  
Third pilot of household hydrogen heating shelved by UK government
'Don't expect weekends off'  
Chinese PR boss says sorry after glorifying work-till-you-drop culture
TV  
Disney and Warner Bros team up to bundle streaming services in US
Fantasy house hunt  
Georgian homes for sale in England for Bridgerton fans
Today's agenda
The UK economy grew by 0.6% in the first quarter of this year, the Office for National Statistics (ONS) has reported.

That is stronger growth than expected.

The ONS says the recovery was driven by the services sector, and industry.

In output terms, services grew by 0.7% on the quarter, with widespread growth across the sector. The production sector grew by 0.8%, while the construction sector fell by 0.9%.

In expenditure terms, there were increases in the volume of net trade, household spending and government spending, partly offset by falls in gross capital formation.

This rise in GDP means that the economy is no longer in a technical recession, after activity fell in the third and fourth quarters of last year.

Growth in March alone was also stronger than expected.

GDP rose by 0.4% in March, the ONS reports, beating City forecasts for 0.1% growth.

The services sector had a good month, growing by 0.5% in March, while production output grew by 0.2%. Construction output fell by 0.4% in the month, though.

February’s GDP data has been revised higher, too, to show growth of 0.2% (up from 0.1% first estimated).

The chancellor of the exchequer, Jeremy Hunt,said: “There is no doubt it has been a difficult few years, but today’s growth figures are proof that the economy is returning to full health for the first time since the pandemic.

“We’re growing this year and have the best outlook among European G7 countries over the next six years, with wages growing faster than inflation, energy prices falling and tax cuts worth £900 to the average worker hitting bank accounts.”

The agenda
• 12.30pm BST: European Central Bank to release accounts of its last monetary policy meeting
• 3pm BST: University of Michigan’s survey of US consumer sentiment

We’ll be tracking all the main events throughout the day ...
Nils Pratley on finance
Cazoo car crash, skidding on a shares fall of 99.9%, ends an American dream
Cazoo car crash, skidding on a shares fall of 99.9%, ends an American dream
Opinion
Analysis  
UK interest rates are close to a descent – maybe starting as soon as next month
UK interest rates are close to a descent – maybe starting as soon as next month
Media
Prince Harry  
Four UK newspaper editors named in case against Daily Mail publisher
Four UK newspaper editors named in case against Daily Mail publisher
TV  
Israel qualifies for Eurovision song contest final despite protests
Spotlight
How the humble coconut is starting to fuel parts of the country
Papua New Guinea  
How the humble coconut is starting to fuel parts of the country
Coconut biodiesel offers a cheaper alternative to fuel imports and scientists in the Pacific country are looking at how to use it more widely
Popular on business
Bank of England says it could lower interest rates more than expected, but June cut isn’t ‘fait accompli’ – as it happened
Bank of England says it could lower interest rates more than expected, but June cut isn’t ‘fait accompli’ – as it happened
Bank of England keeps interest rates at 5.25% but hints at a June cut
British Gas boss says all UK households should be forced to fit smart meters
Little remains of Brewdog’s ‘punk’ ethos as co-founder steps down
City of London watchdog is making a fair point on ‘naming and shaming’
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