Accountants based in Sidcup, UK

UK economy 'grew by more than previously estimated' at start of 2024

28 Jun 2024

Revised figures published by the Office for National Statistics (ONS) have shown that the UK economy grew by more than initially estimated at the start of this year.

According to the ONS, the economy grew by 0.7% between January and March 2024, up from the previous figure of 0.6%, which was published last month.

The revised figure means that the economy bounced back even stronger than first anticipated from a recession at the end of last year.

The figure of 0.6% was already stronger than expected, according to economists. Growth in the UK services sector helped to push it even higher, the ONS said.

Commenting on the matter, Paul Dales, Chief UK Economist at Capital Economics, said that the revised figure was 'mainly due to upward revisions to consumer spending', and stated that the new Prime Minister 'may benefit from the economic recovery being a bit stronger'. 

Try a site search Tax return, dividends, pension, audit...

Company details

0208 3002307

Opass Billings Wilson & Honey LLP, Numeric House, 98 Station Road, Sidcup, Kent DA15 7BY
About us

Led by a management team qualified and experienced in our business disciplines, and assisted by technical and administrative personnel, we offer a wide range of business, tax and advisory services.

Read more

© 2025 Opass Billings Wilson & Honey LLP. All rights reserved. We use cookies on this website, you can find more information about cookies here.
Registered in England. Partnership No. OC341377. Registered office address as above.