UK economy grows again as GDP rises 0.4%– what it means for your money

THE UK economy grew in May, the latest official figures show.

Gross Domestic Product (GDP) rose by 0.4% during the month following no growth in April, according to the Office for National Statistics (ONS).

The UK economy grew by 0.4% in May, the latest official figures show

1

The UK economy grew by 0.4% in May, the latest official figures showCredit: Getty

GDP is a measure of the economic output of companies, individuals and governments.

It’s also a measure of how healthy and prosperous an economy is.

The latest figures will come as a boost to the Government after the UK economy shrunk at the end of last year.