EconomyLens.com
No Result
View All Result
Monday, September 1, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

UK’s unexpected economic rebound boosts govt amid Trump tariffs

Emma Reilly by Emma Reilly
April 11, 2025
in Other
Reading Time: 5 mins read
A A
1
23
SHARES
287
VIEWS
Share on FacebookShare on Twitter

Britain's economy grew more than expected in February. ©AFP

London (AFP) – Britain’s economy grew far more than expected in February, official data showed Friday, in a rare piece of good news for the Labour government as it grapples with unpredictable US tariffs. Gross domestic product rose 0.5 percent in the month, rebounding from an upwardly revised figure of zero percent growth in January, the Office for National Statistics (ONS) said.

Related

European stocks steady after robust gains for Chinese equities

Alibaba soars but Europe, Asia stocks mixed

Alibaba soars but Asia markets dip

European stocks retreat before US inflation data

Modi says India, Japan to ‘shape the Asian century’

The government has struggled to kickstart growth since it came to power in July, with the recent pick up in the economy coming just before US President Donald Trump’s tariffs threatened to hamper global growth. Fresh economic headwinds and stubborn inflation led the UK to recently halve its 2025 growth forecast. But Friday’s figures exceeded economists’ expectations of a much smaller 0.1 percent increase in GDP in February.

In another boost, the ONS also revised its figures from January to zero percent growth, up from a 0.1 percent contraction. “These growth figures are an encouraging sign, but we are not complacent,” finance minister Rachel Reeves said. “The world has changed, and we have witnessed that change in recent weeks,” she added, as Trump’s sweeping stop-start tariffs roil global markets.

Analysts warn that the 10 percent levy on US imports of British goods could further weaken business and consumer sentiment. Specific industries such as auto, steel and aluminium face even steeper tariffs of as high as 25 percent. “I know this is an anxious time for families who are worried about the cost of living and British businesses who are worried about what this change means for them,” Reeves said. Prime Minister Keir Starmer on Monday loosened electric vehicle targets for carmakers impacted by tariffs in order to “shelter British business from the storm.”

– ‘Precarious position’ – “The UK is in somewhat of a precarious position right now, caught in the crossfire of the constantly changing economic policy of the US,” said Marcus Brookes, chief investment officer at Quilter Investors. “The government will need to think creatively and find some quick wins in order to sustain this positive reading and negate the economic impact tariffs will bring,” he added.

Under the strain of tight public finances, Reeves recently announced billions of pounds of spending cuts, including to disability welfare payments, in the hopes of shoring up the public purse. ONS director of economic statistics Liz McKeown noted that there was “widespread growth across both services and manufacturing industries,” in February. “Across the last three months as a whole, the economy also grew strongly with broad-based growth across services industries,” she added.

© 2024 AFP

Tags: economic growthtariffsUK economy
Share9Tweet6Share2Pin2Send
Previous Post

China slaps 125% tariffs on US goods but to ‘ignore’ further hikes

Next Post

AGOA: US-Africa trade accord hangs in the balance

Emma Reilly

Emma Reilly

Related Posts

Other

Vandalism hobbles Nigeria’s mobile telephone services

August 30, 2025
Other

Cash-strapped Taliban look to airspace for windfall

August 28, 2025
Other

Brazil police target network that siphoned billions from fuel sector

August 28, 2025
Other

Small parcels in limbo as Trump moves to end US tariff exemption

August 28, 2025
Other

Stocks mixed as investors digest US GDP, Nvidia earnings

August 28, 2025
Other

Stocks mixed after Nvidia record earnings

August 28, 2025
Next Post

AGOA: US-Africa trade accord hangs in the balance

China lifts tariffs on US goods to 125% as trade war escalates

Dollar slides, stocks diverge as US-China trade war escalates

Hope sparkles anew for India's jewellers after US tariff pause

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

77

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Mauritania’s Tah takes over as Africa’s ‘super banker’

September 1, 2025

Bosnian truckers block deliveries in protest over EU rules

September 1, 2025

European stocks climb after robust gains for Chinese equities

September 1, 2025

Alibaba soars but Europe, Asia stocks mixed

September 1, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.