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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

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

Rachel Reeves Economy
City of London skyline, including the Gherkin
City economists and the Bank of England had forecast a decline of 0.1%. Photograph: Neil Hall/EPA

Britain has avoided a recession after the economy unexpectedly picked up in the final three months of 2024, easing some of the pressure on Rachel Reeves after flatlining during the summer.

Figures from the Office for National Statistics show gross domestic product rose by 0.1% in the fourth quarter of 2024 – after zero growth in the previous three months – to beat the forecasts of City economists and the Bank of England for a decline of 0.1%.

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