UK Economy Warms up After Winter Slump, Brexit Worries Remain

UK Economy Warms up After Winter Slump, Brexit Worries Remain
The Canary Wharf financial district is reflected in the river Thames on a sunny morning in London, Britain, May 8, 2018. Reuters/Hannah McKay
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LONDON—Britain’s economy looks to have picked up speed after a winter slump, data showed on Tuesday, giving the Bank of England some of the reassurance it needs to get back to its plan to raise interest rates.

British services firms grew more quickly than expected in May although the approach of Brexit held back many companies.