New figures resulting from present well being of UK’s economic system | EUROtoday

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Good morning. The newest quarterly Gross Domestic Product (GDP) figures for the UK economic system are resulting from be printed at 07:00 GMT.

GDP, which broadly covers financial progress, measures the worth of products and companies that the UK produces. It’s measured by taking a look at output, expenditure and revenue.

When the quantity rises it means the economic system is doing properly – and when it falls it’s doing badly.

GDP issues as a result of it influences how companies act, how the federal government chooses to set its tax and spending insurance policies, and what the Bank of England does with rates of interest.

All of these items have an effect in your pocket, which is why we’ll steer you thru the Office for National Statistics (ONS) announcement.

We will carry you reside updates and evaluation from our staff of journalists and correspondents.