Economics

U.K. Economy Surged Past Pre-Covid Size Before Ukraine War

Strongest growth since June may embolden BOE to raise rates
Jump in fuel prices threatens to push up inflation to 8%

Services and construction expanding strongly in January. — Services and construction expanding strongly in January.
Photographer: Jason Alden/Bloomberg

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By Andrew Atkinson

March 11, 2022 at 7:14 AM UTC

Updated on

March 11, 2022 at 9:42 AM UTC

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The U.K. economy surged at the strongest pace in seven months in January, surpassing levels prevailing before the coronavirus struck.