Episode Details

UK Economy Shines Ahead of Spring Statement: Record Surplus, Retail Boost, and Growing Business Activity The UK economy is off to a strong start, with a record public finances surplus of £34 billion in January and a 1.8% jump in retail sales. Business activity is also picking up speed, beating expectations across the board. The surplus came from hefty self-assessment and capital gains tax receipts, while shoppers flocked back for post-Christmas deals. A flash poll shows the fastest private sector growth since April 2024, with new work pouring in for manufacturers and service firms. Economists call it a hat-trick of positives, but unemployment remains high, and challenges like fuel duty hikes and tough by-elections loom large. NordVPN — Online privacy & security thednn.ai/nord