CBI responds to latest UK GDP statistics

Rain Newton-Smith, CBI Chief Economist, said:

“The easing of covid restrictions and continued effective roll-out of the vaccines has led to another welcome rise in activity over May.

“But while more businesses were able to reopen their doors, times remain tough for our hardest hit sectors, particularly aviation and international tourism with some missing out on valuable summer trade to recoup their losses.

“With further pent-up demand providing an engine for growth, all signs point to a promising economic outlook for the UK over the course of the year. It’s now critical business and government work together to rebuild customer and employee confidence in living with the virus, while also maintaining progress in tackling the pandemic itself.”