by the effects of strikes by public sector workers. the office for national statistics said that a rise in construction activity had been offset by walkouts by teachers and civil servants. it follows a surprise 0.4% jump in economic growth injanuary which brings the uk economy, finally, to a point where it is bigger than it was pre pandemic. the value of sterling rose to its highest level since june of last year, with £1 getting you i dollar and twenty five cents. despite february s flatlining the chancellor described the outlook as brighter than expected . let s get more now with victoria scholar, head of investment at interactive investor. investor. investor. the investor. the last investor. the last few investor. the last few minutes investor. the last few minutes we investor. the last few minutes we had investor. the last few minutes we had at the in the last few minutes we had at the elite has production data from the elite has production data from the euro is aime
civil servants. meanwhile, separate data from the bank of england shows british lenders reported a sharp increase in the rate at which households and businesses defaulted on loans such as mortgages. the chancellor said the economic outlook was still brighter than expected. let s bring in the chief economist at kpmg. the uk economy remains weaker than any other country in the g7. we still have twin drives of high inflation and rising interest rates. how resilient do the you think the uk economy is? the latest data has been think the uk economy is? the latest data has been more think the uk economy is? the latest data has been more positive - think the uk economy is? the latest data has been more positive than i data has been more positive than what we feared late last year so it seems like the overall economy is more resilient and the majority of the weakness that we saw more recently is related to strikes rather than any fundamental weakness of the economy but obviously w
down the client list so it s still unclear. , . . ~ ., unclear. let s check in with a few other stories. unclear. let s check in with a few other stories. in unclear. let s check in with a few other stories. in the unclear. let s check in with a few other stories. in the last - unclear. let s check in with a few other stories. in the last hour - unclear. let s check in with a few other stories. in the last hour or| other stories. in the last hour or so and what has been described as akin to a matter of state, the shareholders of ferrovial have voted to move the company from spain to the netherlands. the company claims the netherlands. the company claims the move eases access to a future us stock market listing but the government accuses it of chasing lower taxes. the economy minister has said that spain has given everything to ferrovial. it s a decision that goes against the interest and the image of our country. china s exports unexpectedly surged in the month of march, driven
to avoid the worst climate impacts, scientists say fossil fuel use must peak now and drop rapidly over the next seven years. today s news is a critical first step on that path. matt mcgrath, bbc news. in other news.. e cigarette manufacturer juul labs has agreed to pay $462 million dollars to settle claims by six us states after being accused of targeting teenagers. china s exports unexpectedly surged for the month of march, driven by strong shipments of solar products, new energy vehicles and lithium batteries. the increase of 14.8% from a year ago was also helped by supply chain conditions continuing to improve following the easing of covid restrictions. european equities rose with us equity futures on thursday, as investors digested inflation data and digested comments from policymakers
negotiations with walmart about supply chain conditions. these are the kinds of forms of bargaining we need to look at. the point is that s a bargaining process completely outside of the nlrb process. but there are two things being said that are in tension with each other. one is this is a huge attack on workers to pass right-to-work laws et cetera and the other is that s not is that important. what matters is organizing and you can have a strong union in a state that doesn t have mandatory fees assessed. so which is it? right? i mean, your union is probably the strongest union in the country in the states that have these kinds of laws. i think that s probably true, right? absolutely. we have strong affiliates in right to work states and strong affiliates in states that but if you can do it white can t others? what s the problem here? what they know is you ll have to spend an awful lot of time and resources in organizing. so what they ll do isn t that good? that s w