Friday, November 15, 2024

UK economy slows between July and September

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The UK’s economy grew by 0.1% between July and September, according to the latest official figures.

Growth was lower than expected and the Office for National Statistics said activity was subdued across most industries during the three months.

Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves said she was “not satisfied” with these latest figures.

This week she announced plans to reform the pensions sector to try to boost investment but the government is facing a backlash by some businesses who have criticised tax rises in the Budget.

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