UK economy unexpectedly grows

This is a UK news story, published by BBC, that relates primarily to Mel Stride news.

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chief UK economist

BBC

•

World

UK economy unexpectedly grew in final months of 2024

Summary

Nutrition label

84% Informative

UK economy grew by 0.1% between October and December , according to official figures.

Growth in the quarter was driven by a range of industries, from pubs and bars to machinery manufacturers, having a strong December .

However, living standards last year were slightly lower than in 2023 on average.

Concerns remain that economic growth will remain sluggish for sometime.

Shadow chancellor Mel Stride said Reeves's Budget was "killing growth" in the UK . "Working people and businesses are already paying for her choices with ever rocketing taxes, hundreds of thousands of job cuts and business confidence plummeting," he added. Liberal Democrat Treasury spokesperson Daisy Cooper said the chancellor's Budget was to blame for "pitiful economic growth". "Her complete pig's ear of a jobs tax will hammer small businesses, the backbone of our economy." Additional reporting by Peter Ruddick .

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful