UK economic system unexpectedly grew at finish of 2024 | U.Ok.Finance Information
The UK economic system eked out growth within the closing quarter of final yr after better-than-expected growth in December, in accordance with official figures.
The Workplace for Nationwide Statistics (ONS) stated gross home product (GDP) edged 0.1% larger between October and December, following no growth within the earlier three months.
The ONS estimated that the economic system expanded by 0.4% in December, which is best than most analysts anticipated, and marked a choose up following a 0.1% rise in November and a 0.1% fall in October.
The fourth quarter figures means the economic system grew by 0.9% general in 2024.
Chancellor Rachel Reeves stated: “After 14 years of flatlining living standards, we are going further and faster through our plan for change to put more money in people’s pockets.”
“That is why we are taking on the blockers to get Britain building again, investing in our roads, rail and energy infrastructure, and removing the barriers that get in the way of businesses who want to expand.”
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