UK Economy Stagnated In April – Report

The UK economy saw no growth or increase in April, according to early official figures from the Office for National Statistics.

This comes after a 0.4 percent increase in March.

A Reuters poll of economists had predicted this stagnation, attributing it to wet weather negatively impacting retail sales and construction output.

The ONS report, the last GDP update before the election, disclosed that April’s rainfall was 155 per cent above the long-term average.