메뉴 건너뛰기

XEDITION

Board

Football And Private Healthcare Help Increase GDP By 0.3% In January

EnriquetaP29849563 2023.05.26 22:16 조회 수 : 1

The return of Premier League football after the World Cup helped drive growth in GDP in January, providing a pre-Budget boost to Chancellor Jeremy Hunt.   

The measure of economic output rose 0.3 per cent in the first month of the year, aided by the return of a full top-flight schedule after the end of the national team event in Qatar in December.

The service sector was the biggest single driver of growth as January's figure beat expectations, the Office for National Statistics revealed.

Analysts has predicted the economy would eke out 0.1 per cent growth in the month.

But the economy also received a boost from the crisis in the NHS. Growth in the private healthcare sector was also a significant driver as the public service struggles with a huge care backlog.

However, the backlog has had a wider impact on UK productivity, with critics warning it is hitting productivity by keeping workers off sick for longer.

December's GDP figures were affected by several days of rail and postal strikes and also declining output in the entertainment sector.

But growth in the long term remains flat, and the January figures masked a fall in manufacturing and construction work, the ONS revealed. 

Chancellor Jeremy Hunt said: 'In the face of severe global challenges, the UK economy has proved more resilient than many expected, but there is a long way to go.

UK GDP rose 0.3 per cent in January in a boost for the Chancellor ahead of next week's Budget.

The return of the Premier League after the World Cup and a rise in private healthcare use amid problems in the NHS contributed to the increase along with wider service sector growth, the Office for National Statistics said.

'Next week, I will set out the next stage of our plan to halve inflation, reduce debt and grow the economy - so we can improve living standards for everyone.' 

The biggest driving forces behind January's growth came from the services sector, which grew by 0.5 per cent after falling by 0.8 per cent in December.

Other industries like education also drove up GDP as children returned to classrooms, after an unusually high number of absences in the run-up to Christmas, the ONS said.

The transport and storage sector also returned to growth as postal services partially recovered from the effect of December's strikes. If you cherished this article and you also would like to obtain more info regarding slot mania terpercaya nicely visit the site.  

Labour's shadow chancellor Rachel Reeves said: 'Today's results show our economy is still inching along this Tory path of managed decline.

'People will be asking themselves whether they feel better off under the Tories, and the answer will be no.

'But this is not a new trend.

13 years of Tory failure and wasted opportunities have left growth on the floor and our economy weakened.'

The largest driver of the growth in services in January 2023 was education, which grew by 2.5 per cent following a fall of 2.6 per cent in December 2022.
In January 2023, school attendance levels returned to normal levels following a significant drop in December 2022. 

Manufacturing overall fell by 0.4 per cent, with the largest drop being in pharmaceuticals. 

ONS director of economic statistics Darren Morgan said: 'The economy partially bounced back from the large fall seen in December.

'Across the last three months as a whole and, indeed over the last 12 months, the economy has, though, showed zero growth.

'The main drivers of January's growth were the return of children to classrooms, following unusually high absences in the run-up to Christmas, the Premier League clubs returned to a full schedule after the end of the World Cup and private health providers also had a strong month.

'Postal services also partially recovered from the effects of December's strikes.'

번호 제목 글쓴이 날짜 조회 수
80677 Shares In Rank Group, The Owner Of Mecca Bingo And Grosvenor Casinos, Dropped Into The Red After Warning Its Business Was Under Pressure Amid Low Tourism Numbers And The Cost Of Living Squeeze PansyRicher590834 2023.06.24 32
80676 Be Taught Precisely How We Made Vape Better Than Smoking Final Month CandidaHofmann4564 2023.06.24 0
80675 Exactly How To Find Cheap Car Insurance, Exceptional Company & Spare Hundreds DeboraGiy85231641 2023.06.24 0
80674 เครื่องสล็อตวิดีโอยอดนิยม 6 อันดับแรก - รายการยอดนิยมและบทวิจารณ์เชิงลึก SharronBegin9731 2023.06.24 27
80673 Call Girls Rewa AdolphOden193334 2023.06.24 0
80672 There May Be A Right Approach To Discuss Trade And There's Another Way... KentRettig359919557 2023.06.24 0
80671 Massage Services As Well As The Benefits To Men BernardoChase824791 2023.06.24 0
80670 Web Site Judi Bola Online Resmi Dan Agen Sbobet Terpopuler Di Indonesia AllisonG574510201 2023.06.24 0
80669 קנאביס כיוונים טלגראס SandraDuby329529 2023.06.24 0
80668 Global Shares Edge Up As Fed Pause Bets Bolster Sentiment HoustonBetts380124 2023.06.24 0
80667 Here's A Fast Approach To Unravel A Problem With Criminal Defense Attorney St Louis MO BrendanDallachy 2023.06.24 0
80666 North Korea Denounces UN Over Satellite, 'gangster-like' US Demand LasonyaLaseron39540 2023.06.24 0
80665 Why Practicing Self-Care Is Essential Terrie19O10039639421 2023.06.24 3
80664 Review: Titleist 915D2 And 915D3 Drivers TishaScholl7666645 2023.06.24 1
80663 The Call Girls In Delhi Cant That Wins Customers TraceyChinn3738630 2023.06.24 0
80662 Purchase L-+-Amethopterin Hydrate Methotrexate 59-05-2 Online Catalog LSJJade77734729557232 2023.06.24 1
80661 Soundproof - Easy Methods To Be Extra Productive? Sherrie44M5804052 2023.06.24 0
80660 What You Don't Know About KRAKEN Could Be Costing To More Than You Think Harley73E704527 2023.06.24 0
80659 Judi Bola Parlay » Daftar Web Judi Bola Online Resmi & Mix Parlay Bola Terpopuler No.1 Di Indonesia AlenaGruber43251 2023.06.24 0
80658 The Three Greatest Moments In Affordable Online Thai Women Dating Services Near Me History FaeHeckel05951387 2023.06.24 0
위로