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The Guardian

UK economy stagnates as GDP figures revised down

The Guardian on
UK economy stagnates as GDP figures revised down



Keir Starmer and Rachel Reeves under as increasing pressure over promise to reboot growthSharp fall in UK business activity forecastBusiness live – latest updatesThe UK economy had zero growth between July and September and is expected to have stagnated over the entire second half of 2024, undermining Keir Starmer’s promise to reboot growth.In an unexpected downgrade as Labour comes under pressure over its economic management since taking power in July, figures from the Office for National Statistics showed growth in the third quarter was revised down to zero, below an initial estimate of 0.1% made last month. Continue reading…



Source link : https://www.theguardian.com/business/2024/dec/23/uk-economy-stagnates-gdp-figures-keir-starmer-rachel-reeves-growth

Author : Richard Partington Economics correspondent

Publish date : 2024-12-23 09:05:10

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Tags : The Guardian

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