The UK economic system nearly returned to progress in November after two months of contraction, the most recent official figures present.
Gross home product (GDP), the usual measure of an economic system’s worth and every little thing it produces, grew by 0.1%, in line with information from the Workplace for Nationwide Statistics.
It was anticipated to develop by 0.2%.
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Regardless of this political focus, the economic system shrank by 0.1% in each October and September. Newest quarterly information confirmed there was no financial progress within the three months from July to September.
The ONS described the economic system as “broadly flat” and the rise because the economic system rising “slightly”.
Chancellor Rachel Reeves stated: “I am determined to go further and faster to kickstart economic growth, which is the number one priority in our plan for change.
“Meaning producing funding, driving reform and a relentless dedication to root out waste in public spending, and at present I can be urgent regulators on what extra they’ll do to ship progress.
“After fourteen years of economic stagnation, this government’s number one mission is to grow our economy. I will fight every day to deliver that growth and put more money into working people’s pockets.”
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