U.K. GDP flatlined in the three months to September, official figures showed on Monday.
Revised figures from the U.K.’s Office for National Statistics on Monday showed GDP did not grow at all in the three months to September.The British pound was trading lower against the U.S. dollar on Monday morning.for the third quarter, published by the ONS last month, said U.K. GDP grew at 0.1% during that period. However, the final data released on Monday showed 0% GDP growth from the previous quarter.
Looking ahead, Paul Dales, chief U.K. economist at Capital Economics, said he expects the British economy to have also stagnated in the final quarter of 2024 — but his view was not entirely pessimistic.
"Our hunch is that 2025 will be a better year for the economy than 2024. But more recent data suggest the economy doesn't have much momentum as the year comes to a close."that U.K. inflation had risen to 2.6% in November, marking the second back-to-back month of an upward tick in prices.. While markets had been expecting no rate change at Thursday's Monetary Policy Committee meeting — there was surprise that three MPC members voted to reduce rates .
Some of the policies have been met with widespread criticism. The national insurance payroll tax hike, for example, has promptedpolitics
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