UK economy rebounds as nation awaits new prime minister

The UK economy rebounded slightly in May with 0.1% growth thanks to services sector expansion, official data showed Thursday as the nation awaits a new prime minister. GDP had contracted 0.1% in April due to the US-Iran war pushing up inflation after oil prices soared. Andy Burnham is set to take over as PM on Monday, following Keir Starmer's resignation amid scandals and economic missteps. Capital Economics' Paul Dales called the data a "welcome gift" for incoming PM Burnham.