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%.
The latest snapshot will provide a shot in the arm for Labour after the chancellor, Rachel Reeves, faced intense criticism for denting business and consumer confidence with her £40bn tax-raising October budget.
More details soon …
