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UK economy defies gloom as growth outpaces forecasts for 2024
Britain’s gross domestic product expanded by 0.6% in the first quarter, confounding analysts who predicted stagnation. The surge lifts annual growth to 1.8%, the fastest pace since 2022, and pushes inflation-adjusted wages up 2.3% year-on-year. Chancellor Rachel Reeves hailed the rebound as proof that tough reforms are paying off, but warned of persistent risks from global instability.