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UK economy grows 0.6% in Q1, ending technical recession; Biden to set new China tariffs on EVs, semiconductors and solar

Plus: Spanish government opposes proposed BBVA-Sabadell merger, and more
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UK economy grows 0.6% in Q1, ending technical recession; Biden to set new China tariffs on EVs, semiconductors and solarImage: EPA-EFE/Andy Rain

The UK economy grew by 0.6 per cent in the first quarter of 2024 according to analysis released by the Office for National Statistics on Friday.

Driven by a resurgence in car manufacturing and widespread expansion in the services sector, the quarter-on-quarter growth rate represents the fastest since 2021 and signals the UK’s exit from last year’s “technical recession”.

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