ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline
• Business live – latest updates
Britain’s economy unexpectedly grew in the final three months of last year, official figures show, easing pressure on the chancellor, Rachel Reeves.
Figures from the Office for National Statistics show gross domestic product rose by 0.1% in the fourth quarter of 2024, beating the forecasts of City economists and the Bank of England for a decline of 0.1%.
Continue reading…
Source link : https://www.theguardian.com/business/2025/feb/13/uk-economy-grows-by-01-in-unexpected-boost-for-rachel-reeves
Author : Richard Partington Economics correspondent
Publish date : 2025-02-13 07:01:00
Copyright for syndicated content belongs to the linked Source.
