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UK recession fears ease as economy grows by 0.1% in October-December – business live

First estimate of UK GDP for October-December shows Britain’s services sector and construction grew, but production contracted again

  • UK economy grows by 0.1% in unexpected boost for Rachel Reeves

Shadow chancellor Mel Stride has accused chancellor Rachel Reeves of “killing growth” with her budget, delivered at the end of October – despite the economy growing by a decent 0.4% in December.

Stride claims working people and businesses are “already paying for her choices.”

“The Chancellor promised the fastest growing economy in the G7, but her budget is killing growth.

“Working people and businesses are already paying for her choices with ever rocketing taxes, hundreds of thousands of job cuts and business confidence plummeting.

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