ReferIndia News Surprise Surge: UK's Economic Growth Outpaces Expectations

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Surprise Surge: UK's Economic Growth Outpaces Expectations

Published on: Aug. 14, 2025, 3:55 p.m. | Source: Devdiscourse

The UK's economy experienced a higher-than-expected growth rate of 0.3% in Q2 2024, despite challenges like increased business taxes and global tariff uncertainties. The rise surpasses market predictions, benefiting the Labour government by enhancing public finances and potentially reducing future tax pressures.

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