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UK economy perks up slightly as Bank of England nears rate decision

Reuters  |  LONDON 

By Andy Bruce and William SchombergLONDON (Reuters) - Britain's economy picked up a bit of speed in May after slowing in early 2018, according to official figures that are likely to give the Bank of England more confidence about raising interest rates next month.A new monthly reading of gross domestic product showed the world's fifth-biggest economy grew by 0.3 percent in May from April.That was up from growth of 0.2 percent in April and in line with the forecast in a Reuters poll of economists, marking the strongest growth since November, the Office for National Statistics said on ...

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First Published: Tue, July 10 2018. 19:14 IST
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