New figures published this morning show that our economic recovery is beating expectations as we build back better from the pandemic and continue on our cautious but irreversible roadmap to freedom.
- GDP statistics published this morning show that in the first quarter of 2021, the economy beat expectations by growing 2.1 per cent in March alone, the fastest monthly growth since August 2020.
- Last week, the Bank of England said that they now expect the economy to return to its pre-crisis level by the end of this year – two quarters earlier than they previously thought.
- And at the beginning of the crisis, unemployment was forecast to reach 12 per cent or more – but the latest projections show that unemployment is due to peak at 5.5 per cent - that’s almost 2 million fewer people losing their jobs than previously thought.
https://www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/gdpmonthlyestimateuk/march2021
Rt Hon Robert Goodwill MP
