UK economy beats forecast to grow by 0.2% in March, ONS says

Britain's economy exceeded expectations with 0.2% growth in March and 0.7% in the first quarter of 2025. Despite government efforts to stimulate growth through increased spending, the Bank of England anticipates a temporary surge, forecasting slower expansion in the coming years. Concerns persist due to global trade tariffs and domestic business anxieties over rising employment taxes and minimum wage.