Is the UK economy returning to normal?

Tories claim UK has 'turned a corner' while Labour accuses government of 'gaslighting' public

Photo composite of Rishi Sunak, Jeremy Hunt and the Bank of England
GDP per head is still below 2019 levels
(Image credit: Illustration by Stephen Kelly / Getty Images)

The economy is "returning to full health for the first time since the pandemic", Chancellor Jeremy Hunt declared last week as latest figures revealed the fastest rate of economic growth in two years. 

According to the Office for National Statistics (ONS), the UK economy grew by 0.6% in the first quarter of 2024, outstripping forecasts by the Bank of England and representing the strongest growth for any G7 country, with the eurozone lagging behind on 0.3% and the US on 0.4%.

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