The British economy grew by 1.1% on an annual basis in 2024, an upward revision from a previous estimate of 0.9%, the Office for National Statistics said on Friday. That’s compared to a total of 0.4% seen in 2023.
In the final quarter of last year, the economy expanded by 0.1% on a quarterly basis, reconfirming first estimates. This was in line with market expectations, as well as being a step up from the third quarter’s flat reading.
