Breaking News image

Official figures show that the UK economy grew in May after two months of decline.

The economy grew in May after contracting in the previous month.

The analysts had predicted a small growth. The UK could go into recession later this year.

The economy was boosted by growth in the construction industry and a rise in GP appointments.

The director of economic statistics at the ONS said that the UK economy had rebounded.

He said that health was the biggest driver with many more people seeing their GP.

Travel agencies saw a jump in demand as people booked summer holidays in May.

The new chancellor said it was great to see the economy growing, but that he knew people were worried about high fuel and energy prices.

The rate of inflation in the UK hit a 40-year high in the 12 months to May.

"We're working alongside the Bank of England to bear down on inflation and I'm confident we can create a stronger economy for everyone across the UK."

  • GDP
  • UK economy
  • Office for National Statistics