Shopping trips in UK set to fuel economic rebound

Sun Online Desk

27th April, 2021 10:57:56 printer

Shopping trips in UK set to fuel economic rebound

 

Britain is set for a "sharp snap back" in spending by shoppers as restrictions ease, according to experts at Deloitte.

The firm found "going to a shop" topped the list of leisure activities people are most likely to do after lockdown.

Separate research suggested that the UK's economy will grow at its fastest rate on record this year, helped by the rebound in consumer spending.

The EY Item Club said the economy had "proven to be more resilient than seemed possible".

The forecasting body has upgraded its 2021 growth forecast from 5% to 6.8%, which would mark the fastest rate seen since Office for National Statistics (ONS) records began.

Confidence returns

The UK's GDP, which measures all the activity of companies, governments and individuals in the economy, shrank by a record 9.9% last year as coronavirus restrictions hit output, according to the ONS.

(BBC)

 


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