UK Economy Grows 0.7% but Faces Ongoing Challenges πŸ‡¬πŸ‡§

Shadow Chancellor Sir Mel Stride acknowledges the recent growth but warns the UK remains far from out of the woods amid signs of economic slowdown. Read more about the outlook and what it means for the future.

UK Economy Grows 0.7% but Faces Ongoing Challenges πŸ‡¬πŸ‡§
ODN
598 views β€’ May 15, 2025
UK Economy Grows 0.7% but Faces Ongoing Challenges πŸ‡¬πŸ‡§

About this video

Shadow Chancellor Sir Mel Stride welcomed the UK’s 0.7% growth but warned it’s "no time to pop champagne corks." He pointed to signs of a slowdown in March and rising pressures on businesses from tax and regulatory changes. Stride said wider forecasts still predict weaker growth ahead, warning the economy faces "stress and strain" despite this short-term boost. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Video Information

Views

598

Duration

1:16

Published

May 15, 2025

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