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UK economy disappoints despite return to growth

BBC Business LogoBBC Business3d ago

UK economy disappoints despite return to growth - BBC Business

Quick Summary:

Official figures show the economy grew by 0.1% in November, although that was lower than had been expected.

Reeves is understood to have decided to meet them in-person rather than wait to read submissions, with a Treasury source describing the meeting as "a kick up the backside".

November's economic figures were the first following Reeves's first Budget, in which she announced £40bn worth of tax rises with hikes in the National Insurance rate and a reduction to the threshold for employers.


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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-16 @ 10:27:52 (3 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 978 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 25246743

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 3 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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It's most recent story was published 13 hours ago.

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