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Daily Mirror
Daily Mirror
Business
Emma Munbodh

UK economy rebounded by 7.5% last year despite December Omicron threat

The UK economy grew by 7.5% last year after the easing of pandemic restrictions, according to official figures.

The growth, which exceeded projections by the Bank of England, nevertheless followed a 9.4% slump in the economy in 2020 as lockdown ruled were imposed.

New data from the Office for National Statistics (ONS) also showed that gross domestic product (GDP) grew by 1% in the final three months of the year, despite the impact of the spread of the Omicron variant of Covid-19.

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