UK economy larger than thought, updated 2023 GDP figures confirm, with Q1 revised upwards

The UK’s economy is larger than first thought, revised figures from the ONS confirmed today.

The UK’s GDP figures for 2020 and 2021 were dramatically revised upwards, showing a much better recovery from the pandemic than previously thought, at the start of the month. However, those figures did not cover 2022 or 2023.