Revised ONS Data Brightens UK Economic Outlook - Revised data from the Office for National Statistics (ONS) has provided a more optimistic perspective on the UK's economic performance in the last quarter of 2021. Initial assessments suggested that the UK's economy was 1.2% smaller than its pre-pandemic size, but the updated figures reveal that it was actually 0.6% larger. Expert Insights on Impending Interest Rate Hike Economists and experts are offering insights into the implications of this revised data, particularly in the context of an impending interest rate hike. Thomas Pugh, an economist at RSM UK, expressed surprise at the…