The UK economy was bigger than previously estimated at the end of 2023, according to revised official figures.
The Office for National Statistics (ONS) said revised data showed that the economy was 2.2% larger at the end of 2023 than its previous peak shortly before the coronavirus pandemic began.
It had previously reported that the economy had grown by 1.9% over the period.
The ONS said the improved data came after a regular update over how it calculates UK gross domestic product (GDP).
It said the change was linked to improved data regarding research and development, as well as an improved measure of how its records the activity of large multinational companies.
Later data from corporation tax returns meant that growth in 2022 was stronger than previous predicted, with the data highlighting stronger profits than previously estimated.
The ONS also…
