UK interest rate cuts cannot come soon enough for economy and Jeremy Hunt

The Bank of England is under pressure to begin cutting interest rates from 5.25%. Photograph: Maureen McLean/Shutterstock

Jeremy Hunt knows there is little to celebrate from modest economic growth during November.

The 0.3% increase in gross domestic product follows a drop of 0.3% in October, and the three-month figure – which is considered a more reliable and certainly less volatile measure of economic growth – showed a 0.2% contraction to the end of November.