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UK economy ekes out 0.1% growth in the fourth quarter, beating expectations

The UK economy grew by 0.1% in the fourth quarter of 2024, contrary to analyst expectations, with December seeing a 0.4% increase according to the Office for National Statistics .
Chancellor Rachel Reeves expressed her dissatisfaction with the growth levels, stating that she is 'still not satisfied' with current growth levels and aims to prioritize economic improvement.
Shadow Chancellor Mel Stride criticized Reeves' budget, claiming it is 'killing growth' and causing rising taxes and job cuts for working people and businesses.
Warnings about living standards and future economic forecasts remain, with the Office for Budget Responsibility predicting lower growth rates for 2025, indicating that expected growth for the year may be around half of the initially anticipated 2%.

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Business Live

UK surprises with 0.1% growth in fourth quarter

Economists had forecast that GDP would shrink 0.1%, but the period was lifted by a 0.4% rise in December

9 days ago·Johannesburg, South Africa

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thepatriotlight.com

ThePatriotLight - UK economy grows by 0.1% in Q4 2024

ThePatriotLight - UK economy grows by 0.1% in Q4 2024UK economy grows by 0.1% in Q4 2024

9 days ago

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Evening Standard

+2 Reposted by 2 other sources

Chancellor ‘still not satisfied’ despite surprise economic growth at end of 2024

Official figures showed gross domestic product edged 0.1% higher between October and December, confounding expectations for a contraction

9 days ago·London, United Kingdom

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BBC News

GDP latest: UK economy unexpectedly grew at the end of last year, new figures show

GDP figures for the last quarter of 2024 show growth of 0.1% - but GDP per head fell.

9 days ago·United Kingdom

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Spectator UK

UK recession fears ease but Rachel Reeves has little to celebrate

The UK economy grew by 0.1 per cent in the last three months of 2024, according to the Office for National Statistics's latest report

9 days ago·London, United Kingdom

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Newsday

+2 Reposted by 2 other sources

UK economy ekes out modest growth in final quarter of 2024 after strong December

The British economy managed to eke out quarterly growth of 0.1% in the final quarter of 2024 following a stronger than anticipated performance in December.

9 days ago·United States

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