Rachel Reeves Has Just Been Handed An Unexpected (And Much-Needed) Boost

Rachel Reeves is under pressure to turn around the UK economy.Rachel Reeves has just been handed a major boost after new figures revealed the UK economy has grown more quickly than expected.Official data from the Office for National Statistics showed that gross domestic product (GDP) grew by 0.4% in June.That was higher than had been predicted by experts and suggests the UK economy is in a healthier state than had previously been thought.Overall, the economy grew by 0.3% in the second quarter of 2025 (between April and June).Although that is down on the 0.7% growth between January and March, it means that the UK economy has grown at nearly twice the rate of America’s over the same period – 1% compared to 0.6%.The new data will be warmly welcomed inside the Treasury after weeks of gloomy economic news, including rising inflation and a slowing jobs market.Reeves said: “Today’s economic figures are positive with a strong start to the year and continued growth in the second quarter. But there is more to do to deliver an economy that works for working people.“I know that the British economy has the key ingredients for success but has felt stuck for too long.“That is why we’re investing to rebuild our national infrastructure, cutting back on red tape to get Britain building again and boosting the national minimum wage to make work pay. There’s more to do and today’s figures only fuel my ambition.”Liz McKeown, the ONS director of economic statistics, said the UK economy had “recovered strongly” in June after weaker growth in April and May.Nicholas Hyett, investment manager at Wealth Club said: “GDP growth in June was a fair bit stronger than the market had been expecting. Put that together with some significant upward revisions to April’s numbers and overall growth for the quarter wasn’t bad at all.”Shadow chancellor Mel Stride said: “Any economic growth is welcome, but with business leaders saying that all indicators are flashing red, and key economists are warning that Rachel Reeves has created a £50 billion black hole in the public finances, the chancellor’s economic vandalism is clear.“Under Labour, we have already seen taxes hiked, inflation almost double, unemployment rise, and growth stagnate. Looming tax rises will only make things worse and working people will pay the price.”But Lib Dem Treasury spokesperson Daisy Cooper said “snails would scoff” at the rate of the UK’s economic growth.She said: “Businesses are being crushed under the weight of the government’s jobs tax, spiralling energy costs and reams of red tape, all holding down wages and the growth needed to rebuild our public services.”Related...Rachel Reeves Gets Brutal Reality Check Just Hours After Claiming Labour Is Making 'Progress' On The EconomyRachel Reeves Has Been Given More Bad Economic News. Is The UK Heading For Recession?Keir Starmer And Rachel Reeves Could Be Preparing For Their Biggest U-Turn Yet. Here's Why

Comments

Breaking news

Four bodies pulled from the same spot in the River Seine in Paris

Metro

Comments

Similar News

Britain braces for another tax bomb amid warnings UK economy is 'flashing red' as growth slows to 0.3 per cent while Rachel Reeves faces a £50bn black hole

WATCH: Rachel Campos-Duffy Posts Video of Porch Pirate, Thanks Trump for D.C. Crime Crackdown

Labour's class war is about to get worse. This mean and petty act takes your money from your children. Could Rachel Reeves be so stupid? Yes she could: STEPHEN GLOVER

Inheritance tax will apply to pension pots... even if workers die before retirement as Rachel Reeves tries to fill financial black hole

Rachel Reeves is coming after your inheritance, this is what you should do NOW to protect yourself, writes SIMON LAMBERT

How could Rachel Reeves change inheritance tax - and what would it mean for you?

Now Rachel Reeves plots inheritance tax raid on Middle England to plug huge gap in public finances as Tories blast Labour's 'politics of envy'

Rachel Morin's Family Reacts to Illegal Migrant Killer's Sentence

Illegal migrant who raped and killed Rachel Morin will rot behind bars for rest of his life

Illegal Alien Sentenced to Life in Prison Without Parole for Raping, Murdering Rachel Morin

Embattled Rachel Reeves urges public to be patient with Labour on rescuing economy

RACHEL REEVES: 'Politics is about choices - and we're on the side of working people'

Rachel Riley stalker hell: Countdown star targeted by convicted stalker who accused her of being the 'ringleader of a cult of celebrities'

ANDREW NEIL: Rachel Reeves has spent like a drunken sailor. Now she's in a mad scramble for tax rises. This is what's coming... she risks tilting us into a death spiral

Labour lays the ground for September tax bombshell as Rachel Reeves looks to fill £50billion black hole in nation's finances

Rachel Reeves gives green light for tax crackdown on savings accounts

Business news live: Rachel Reeves in savings tax crackdown and global stock markets fall

Keir Starmer and Rachel Reeves 'lay the ground for massive tax hikes' with Chancellor 'needing to fill £50billion hole' at grim Budget

Rachel Reeves said this flagship policy would raise money - it may end up doing the opposite

Rachel Reeves' NI tax raid is pushing up the price of food and it could get worse in the autumn, experts warn

Breaking news

Four bodies pulled from the same spot in the River Seine in Paris

Liverpool parade crash suspect Paul Doyle sobs as he faces 24 new charges

6 Signs Of A Hole In Your Heart Adults Might Dismiss

Putin May Have Just Sent A Signal He Is Only Paying Lip Service To Trump Peace Talks

Leonardo DiCaprio Reveals Biggest Hollywood Regret: 'It's True'

Thomas Skinner Joins Strictly Come Dancing 2025 Line-Up

Miriam Margolyes Has A Blunt Message For Critics Telling Her To 'Shut Up' About Politics

One dead after hot air balloon carrying 34 passengers crash-lands in Netherlands

ADHD medication reduces risk of suicide and criminal behaviour, study finds

State of emergency declared in New Mexico following rise in crime and drug use

Melania Trump threatens Hunter Biden with $1bn lawsuit over Epstein claim

Failed GOP candidate gets 80-year sentence for politically motivated shooting plot

Hernán Cortés manuscript stolen from Mexico’s archives returned after several decades

UK ‘scales back’ plans for 30,000-troop reassurance force in Ukraine

Ucas Clearing 2025: How it works and what to do if you don’t get A-level grades you wanted

Watch live: Starmer welcomes Zelensky to Downing Street ahead of Trump-Putin meeting

The Department of Homeland Security is starting to annoy both brands and artists with its wild social media behavior

Trump’s nominee for Bureau of Labor Statistics was Jan 6 ‘bystander’ outside Capitol, says White House

Trump’s foreign aid cuts have ‘strengthened tyranny’ in Myanmar, rights groups say

China targets 2 Lithuanian banks in response to new EU sanctions

Israel’s finance minister approves settlement to ‘bury the idea of a Palestinian state’

Boohoo founder should be investigated over debt collection, says Mike Ashley

Deadly wildfires cause chaos across Europe as thousands evacuated

Trump-Putin summit live: Starmer warns Ukraine’s borders ‘must not be changed by force’ as he meets Zelensky

Zelenskyy to meet with UK's Starmer as Europe braces for Trump-Putin summit

Officials plead not guilty in ‘vote harvesting’ election probe

Rachel Reeves Has Just Been Handed An Unexpected (And Much-Needed) Boost

Strictly Pro Nadiya Bychkova Speaks Out After 'Really Scary' Rehearsal Accident Leads To Hospital Dash

'My Toddler Only Wants Her Dad And It's Breaking Me'

Meghan Markle To Return For Season 2 Of Her Netflix Show Later This Month

Is It 'Weird' To Be Naked Around Your Kids?

Here’s everything we can expect when Keir Starmer and Volodymyr Zelensky meet today

Fighter jets escort Ryanair plane after false report of Palestinian man ‘with bad intentions’

Escape the crowds at Versailles with a trip to Vincennes, Paris' quieter chateau

Voices: ‘Why pick on over-seventies?’ Readers question eye tests for older drivers

One Tech Tip: This summer, don't let your phone overheat

UK economic growth slows amid pressure on business and Trump trade war

Shark-like prehistoric whale with razor-sharp teeth discovered off Australia

A-level results: Record number of UK students accepted onto university courses

British Gas owner takes stake in Europe’s biggest LNG terminal in £1.5bn deal

Gatwick ‘optimistic’ minister will approve expansion plan

Business news live: UK economy grows in June - but jobs and inflation look ‘troublesome for household budgets’

Three sheriff’s deputies shot during hours-long armed standoff

JD Vance greeted by angry Palestine protesters as he arrives in Scotland for holiday

Fugitive found guilty of rape in Utah after allegedly faking his own death to avoid charges

Death row killer gouged out own eyes and ate them after killing wife and kids

World's second richest woman is worth £70billion but no one knows who she is

Nicholas Rossi found guilty in US rape trial after extradition from Scotland

New update on Gogglebox star George Gilbey's tragic death issued by police

Perth and Kinross Council spent £3 million on consultants over the past three years

N-Dubz star Tulisa Contostavlos opens up on suicide attempts and sex tape leak

UK growth slows as economy feels effect of higher business costs

Waterworld statement after young girl dies at UK's biggest indoor water park

Plans to improve Swallow Roundabout signage and lane markings welcomed by Perth and Kinross councillor

No one has ever heard of world's second richest woman worth £70billion

What celebs got in their A-levels from Spice Girl success to Jeremy Clarkson's flop

Premier League supercomputer paints worrying picture for Man Utd with three-team title race