The UK economy is showing signs of resilience, with business activity recovering to its highest level since August 2024, according to Dean Turner, an economist at UBS.
The latest Purchasing Managers' Indexes (PMIs) indicate that UK business activity has strengthened, with the services sector leading the recovery. Services firms, in particular, cited strong demand as the reason for the improved output.
This positive economic data suggests that concerns about an impending economic slowdown should ease, which could be good news for the UK government, which has been facing economic challenges