UK economy grows by 0.1% in unexpected boost for Rachel Reeves

ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline

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… The Guardian Read More ONS data showing British national output rose in final quarter of 2024 confounds forecasts of 0.1% decline• Business live – latest updatesBritain’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…