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The Guardian - UK
The Guardian - UK
Business
Larry Elliott

The UK economy is a long way from blossoming despite glimmers of hope

A woman taking a selfie with cherry blossom
Signs of spring in a London park last week. Photograph: Yui Mok/PA

It may be too little, and too late, to rescue Rishi Sunak from a thumping election defeat, but there are signs the UK economy is on the turn. After two years of drift, some green shoots of recovery are finally appearing.

Last week’s growth figures suggest the economy is emerging from a short and shallow recession in the second half of last year. Surveys of consumer and business sentiment have been more upbeat since the beginning of the year. More houses are changing hands and property prices have started to rise.

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