The UK economy grew by 0.6% in the three months to the end of June, as economic growth accelerated in the run-up to the vote to leave the EU. Second-quarter gross domestic product grew faster than expected, up from 0.4% growth in the previous quarter, the Office for National Statistics said. Any uncertainty ahead of last month’s referendum seemed “limited”, ONS said.
However, by far the strongest growth was in April, followed by a sharp easing off in May and June. On a yearly basis the economy grew by a healthy 2.2%. The pick-up in economic activity was boosted by the biggest upturn in industrial output since 1999, particularly from car factories and pharmaceutical firms.
Responding to the news, UKIP Economics Spokesman Mark Reckless AM said, “Yes, firms are investing in Britain. Yes, growth has strengthened, Yes, the stock market is up again. But, why are all these reported as if they are shock surprises? Because, most people reporting the news voted ‘Remain’.
Help keep news FREE for our readers
Supporting your local community newspaper/online news outlet is crucial now more than ever. If you believe in independent journalism, then consider making a valuable contribution by making a one-time or monthly donation. We operate in rural areas where providing unbiased news can be challenging. Read More About Supporting The West Wales Chronicle
