The UK Economy Is Starting to Emerge From Stagnation

Consumer spending has not meaningfully rebounded since the pandemic.Photographer: Chris Ratcliffe/Bloomberg

Prime Minister Keir Starmer came to power last year promising a growth boost but ended up presiding over a slump. Nine months on, however, the British economy may finally be turning the corner.

A range of economic indicators are starting to improve, from business activity to consumer confidence, and the prospect of two more interest-rate cuts this year promises a further tailwind. The big hope is that the all-important consumer will emerge from hibernation.