GDP inched forward by just 0.1% in November

GDP inched forward by just 0.1% in November
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GDP inched forward by just 0.1% in November
Author: Jonathan Prynn
Published: Jan, 16 2025 07:04

Summary at a Glance

GDP inched forward by just 0.1% in November The British economy returned to growth in November but fell disappointingly short of City forecasts in another blow to Rachel Reeves.

Chancellor Rachel Reeves said: “I am determined to go further and faster to kickstart economic growth, which is the number one priority in our Plan for Change.

GDP was up by just 0.1%, the first month of growth since August, according to latest figures from the Office for National Statistics (ONS).

“That means generating investment, driving reform and a relentless commitment to root out waste in public spending, and today I will be pressing regulators on what more they can do to deliver growth.

The ONS said that GDP had shown no growth in the three months to November.

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