{"id":72983,"date":"2022-03-14T11:25:12","date_gmt":"2022-03-14T11:25:12","guid":{"rendered":"https:\/\/secondchargemortgageuk.com\/?p=72983"},"modified":"2022-03-14T11:25:13","modified_gmt":"2022-03-14T11:25:13","slug":"uk-gdp-recovered-in-january-after-omicron-hit","status":"publish","type":"post","link":"https:\/\/secondchargemortgageuk.com\/uk-gdp-recovered-in-january-after-omicron-hit\/","title":{"rendered":"UK GDP recovered in January after Omicron hit"},"content":{"rendered":"\n<p>The British economy expanded in January by 0.8 percent, exceeding its pre-pandemic peak by the same amount, the Office for National Statistics announced Friday.<\/p>\n\n\n\n<p>That&#8217;s also a jump from December, when output fell by 0.2 percent as the Omicron variant weighed on economic activity.<\/p>\n\n\n\n<p>\u201cAll sectors grew in January, with some industries that were hit particularly hard in December now performing well, including wholesaling, retailing, restaurants and takeaways,\u201d said Darren Morgan, head of economic statistics. Software engineering and video production \u201calso had a good start to the year.\u201d<\/p>\n\n\n\n<p>                            <em>To find out more about how we can assist you with your <strong>Second Charge Mortgage<\/strong> please <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/contact-us\/\" target=\"_blank\">click here<\/a><\/em>                            <\/p>\n\n\n\n<p>Construction and manufacturing contributed to growth as well, he said.<\/p>\n\n\n\n<p>However, analysts cautioned that the spurt of growth could be short-lived due to global factors. Capital Economics, a consultancy, said in a note that while February\u2019s numbers are likely to be positive as well, \u201cthe cost of living crisis and the influence of the war in Ukraine probably means this is as good as it gets for the year.\u201d<\/p>\n\n\n\n<p>Chancellor Rishi Sunak also reacted with caution in a press release, warning that the war in Ukraine is affecting the outlook.<\/p>\n\n\n\n<p>&#8220;Russia\u2019s invasion of Ukraine is creating significant economic uncertainty and we will continue to monitor its impact on the U.K.,&#8221; he said. &#8220;But it is vital that we stand with the people of Ukraine to uphold our shared values of freedom and democracy and ensure Putin fails.&#8221;<\/p>\n\n\n\n<p><em>BY MATEI ROSCA<\/em><\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.politico.eu\/article\/uk-gdp-recovered-in-january-after-omicron-hit\/\" target=\"_blank\" rel=\"noreferrer noopener\">Politico<\/a><\/p>\n\n\n\n<p>                            <em>Discover our <a rel=\"noreferrer noopener\" href=\"https:\/\/secondchargemortgageuk.com\/\" target=\"_blank\"><strong>Second Charge Mortgage Broker<\/strong><\/a> services.<\/em>                            <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British economy expanded in January by 0.8 percent, exceeding its pre-pandemic peak by the same amount, the Office for National Statistics announced Friday. That&#8217;s also a jump from December, when output fell by 0.2 percent as the Omicron variant weighed on economic activity. \u201cAll sectors grew in January, with some industries that were hit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[1978],"tags":[2115,2075,2098],"yst_prominent_words":[488,113,207,121,33,485],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v14.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK GDP recovered in January after Omicron hit<\/title>\n<meta name=\"description\" content=\"The British economy expanded in January by 0.8 percent, exceeding its pre-pandemic peak by the same amount, the Office for National Statistics announced Friday.\" \/>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, 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