UK economy grew by 0.1% in third quarter of 2024, says ONS

By The Guardian   |   2 years ago
UK economy grew by 0.1% in third quarter of 2024, says ONS

The UK economy grew by 0.1% in the third quarter, down from 0.5% in the second quarter. Services and manufacturing slowed, attributed to budget uncertainty and high interest rates. Recent data indicates weakening labor market and confidence. Bank of England cut rates to 4.

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