{"id":72667,"date":"2021-06-22T09:20:16","date_gmt":"2021-06-22T09:20:16","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72667"},"modified":"2021-06-22T09:21:07","modified_gmt":"2021-06-22T09:21:07","slug":"uk-economy-posts-record-annual-jump","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/uk-economy-posts-record-annual-jump\/","title":{"rendered":"UK economy posts record annual jump in April, up 27.6%"},"content":{"rendered":"\n<p>Britain\u2019s economic output in April was a record 27.6% larger than 12 months before, official data showed on Friday, an increase that reflects recent reopening and the scale of disruption to everyday life early in the COVID pandemic.<\/p>\n\n\n\n<p>The figure matched the consensus of economists polled by Reuters.<\/p>\n\n\n\n<p>In April alone, output rose by 2.3%, marking the fastest growth since July, the Office for National Statistics (ONS) said, and compared with the Reuters poll consensus for a 2.2% increase.<\/p>\n\n\n\n<p><em>To find out more about how we can assist you with your Second Charge Mortgage please <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/contact-us\/\" target=\"_blank\">click here<\/a><\/em><\/p>\n\n\n\n<p>But British economic output is still 3.7% lower than in February 2020, before the pandemic led to lockdown measures.<\/p>\n\n\n\n<p>\u201cToday\u2019s figures are a promising sign that our economy is beginning to recover,\u201d finance minister Rishi Sunak said in a statement.<\/p>\n\n\n\n<p>Last month the Bank of England raised its forecast for British economic growth in 2021 to 7.25% from February\u2019s estimate of 5.0%.<\/p>\n\n\n\n<p>That would be the fastest annual growth since 1941 when Britain was rearming during World War Two. But it comes after output plunged by almost 10%, the biggest drop in more than 300 years.<\/p>\n\n\n\n<p>Source: <a rel=\"noreferrer noopener\" href=\"https:\/\/www.cnbc.com\/2021\/06\/11\/uk-economy-posts-record-annual-jump-in-april-up-27point6percent.html\" target=\"_blank\">CNBC<\/a><\/p>\n\n\n\n<p><em>Discover our <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/\" target=\"_blank\">Second Charge Mortgage Broker<\/a> services.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain\u2019s economic output in April was a record 27.6% larger than 12 months before, official data showed on Friday, an increase that reflects recent reopening and the scale of disruption to everyday life early in the COVID pandemic. The figure matched the consensus of economists polled by Reuters. In April alone, output rose by 2.3%, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2102,2124,2075],"yst_prominent_words":[1206,488,207,390,33,1114,485],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK economy posts record annual jump in April, up 27.6%<\/title>\n<meta name=\"description\" content=\"Britain\u2019s economic output in April was a record 27.6% larger than 12 months before, official data showed on Friday, an increase that reflects recent reopening and the scale of disruption to everyday life early in the COVID pandemic.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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