UK revises up 2022 economic growth to 4.8 per cent

Britain’s economy grew more strongly than previously thought in 2022, according to revised official data that gave more weight to the oil and gas sector which was buoyed by high prices and the health service as it caught up with COVID-19 backlogs.

The Office for National Statistics said on Wednesday it now believed that Britain’s economy grew by 4.8 per cent in 2022, up from a previous estimate of 4.3 per cent.

Revisions to GDP in the two years before that – when the economy...