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The economy

GDP growth slows over February

ONS figures show pre-COVID levels exceeded.

BRC reports retail slump

Sales decreased compared to March 2021.

Inflation hits 30-year high

Figure expected to grow further this month.

GDP nears pre-COVID levels

New figures suggest steady economic growth.

Business Boom expected for Mother’s Day

Two-year-high expected for retail.

Spring Statement: expectations

Chancellor’s speech expected to be “policy-light”.

Bank of England increases interest rates to 0.75%

Bank rate back to pre-pandemic level.

Labour market continues to recover

Employment rate hits 75.6%.

Outlook for 2022 economy sours

BCC and the Resolution Foundation warn of harsher economic conditions for 2022.

UK GDP grew by 0.8% in January 2022

Economy bounced back at turn of year in the UK.