The UK economy grew by 0.1 per cent in November, the Office for National Statistcs (ONS) has announced, following consecutive months falling by the same amount beforehand.
In economics circles, this - along with slower inflation and slightly falling gilt yields following a concerning, sharp rise - is being celebrated as minor wins and breathing space for the Labour government and chancellor Rachel Reeves, who says she will “fight every day” to bring meaningful, ongoing growth to the country, while prime minister Keir Starmer says it’s “a step in the right direction, but there’s much, much more we’ve got to do”.
