The City was basking in a rare glow of “genuinely strong” economic news today as Britain powered out of recession at a far quicker pace than expected.
The gloom of last year’s slump and cost of living crisis was forgotten as news of the 0.6% advance in GDP in the first quarter helped send the FTSE 100 to yet another all-time high. It was the fastest growth since the fourth quarter of 2021 when Britain was emerging from the pandemic.
