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The Independent UK
The Independent UK
Albert Toth

Does GDP growth mean ‘more money in your pocket’? Reeves plan explained

The UK economy grew a “flat” 0.1 per cent between October and December last year, according to official figures. Analysts predictions varied, with some expecting a 0.2 per cent rise in GDP, and others saying a slight fall was likely.

The strength of the economy can impact how much tax the government can raise for public services, and how much wages can increase for workers.

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