Britain's economy grows faster than G7 rivals despite recession forecasts

Britain's economy grew 0.3% in March, defying forecasts for contraction, prompting Chancellor Rachel Reeves to warn against domestic political upheaval. The first-quarter growth of 0.6% makes Britain the fastest-growing G7 economy, strengthening Reeves's position amid Labour leadership turmoil. However, economists predict weaker performance ahead, with Middle East conflict risks potentially triggering recession and energy price spikes threatening household incomes.

Summary by Glance · The Guardian Australia – Business