The UK economy grew at the fastest rate in a year over the first quarter of 2025, in a boost to Chancellor Rachel Reeves, new official figures show. Gross domestic product (GDP) increased by 0.7% between January and March, the Office for National Statistics said.
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00:00Hello, I'm Greg Wright of the Yorkshire Post. Here are your business headlines for today.
00:06The UK economy grew at the fastest rate in a year over the first quarter of 2025,
00:13providing a boost for the Chancellor, Rachel Reeves.
00:17GDP increased by 0.7% between January and March.
00:22This means it came in ahead of economists' expectations of 0.6% growth for the quarter.
00:31It was also the highest GDP rate since the first quarter of 2024, when the economy jumped by 0.9%.
00:40My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.