UK economy boomed in second quarter

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The British economy is experiencing a strong rebound. Britain’s GDP grew 4.8% in the second quarter after falling 1.6% in the first quarter of 2021. However, the risk remains, especially with the outbreak of the delta variant.

In the United Kingdom, activity picked up in the second quarter thanks to the gradual lifting of health restrictions such as the reopening of pubs and restaurants, but also thanks to household spending which increased 7.3%.

The Finance Minister, Rishi Sunak, welcomes this strong rebound and takes this opportunity to recall that the United Kingdom is the G7 country that achieved the fastest growth rate in the second quarter. a performance he justifies policy driven by his government, namely to support the success of the British plan of employment and the massive vaccination programme.

Also hear: Brexit: Companies are suffering from haphazard application of the agreement

Even though the British economy has not reached its pre-health crisis levels, the recovery remains fragile. Concerns related to the rise of the Delta variant included labor problems, especially among truckers.

Under the impact of Brexit and the pandemic, 100,000 foreign drivers of heavy goods vehicles are missing, resulting in a major supply disruption to stores to slow economic activity.

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About the Author: Forrest Morton

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