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UK economy shows surprise growth of 0.1% in Q4 2024

Britain's economy unexpectedly grew by 0.1% in the final quarter of 2024, despite forecasts of a contraction, according to official figures.
Growth was driven by a 0.4% increase in December, heavily influenced by the services sector, according to the Office for National Statistics.
However, business investment fell by 3.2% due to concerns over a £25 billion tax rise, raising doubts about future economic stability, as noted by Scott Gardner from Nutmeg.
Output per head fell by 0.1% in 2024, indicating pressures on living standards, as noted in the report.

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Channel 4

Economy: UK narrowly avoids recession with 0.1% growth

In the UK, fears of a recession have eased slightly, after official figures showed surprise economic growth of 0.1% in the last three months of 2024.

9 days ago·London, United Kingdom

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BBC News

UK economy unexpectedly grew in final months of 2024

The economy expanded by 0.1% between October and December, official figures suggest.

9 days ago·United Kingdom

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RTÉ

UK economy shows surprise growth of 0.1% in Q4 2024

Britain's economy unexpectedly grew by 0.1% in the final quarter of last year, official figures showed today, offering some respite from the downbeat economic picture facing finance minister Rachel Reeves, though longer-term challenges remain.

9 days ago·Ireland

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credit-connect.co.uk

GDP grew by 0.1% in the last quarter of 2024 - industry reaction - Credit Connect

The UK economy grew by 0.1% in the final months of 2024 according to the Office for National Statistics (ONS). The data showed growth in the quarter was driven by a range of industries, from pubs and bars to machinery manufacturers, having a strong December. Responding to the figures, ONS Director of Economic Statistics Liz McKeown said “The economy picked up in December after several weak months, meaning, overall, the economy grew a little in t…

8 days ago

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CTN News l Chiang Rai Times

UK Economy Grows By 0.1% In Q4 2024

The UK Economy achieved 0.1% quarterly growth in the final quarter of 2024, resulting from a stronger-than-expected December performance. On Thursday, the Office for National Statistics announced that the 0.4% increase in December resulted from a broad-based expansion, with taverns performing particularly well in the lead-up to Christmas. The fourth-quarter figures indicate that the economy […] The post UK Economy Grows by 0.1% in Q4 2024 first …

9 days ago

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Wealth DFM

AJ Bell: Growth still tepid as UK economy surprises on the upside - Wealth DFM

The UK economy delivered unexpected GDP growth of 0.1% in the last three months of 2024. A 0.9% growth in 2024 was lower than that achieved by several G7 countries including Canada and France. When population growth is considered, GDP per head was 0.1% lower than 2023. Danni Hewson, AJ Bell head of financial analysis, comments on the latest UK GDP figures: “Even this miniscule scrap of growth will be a relief for the Treasury, which could have b…

9 days ago

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