Tags: Britain growth Labour economy Reeves output q3

UK Economic Growth Slows Down Sharply in the Third Quarter

Friday, 15 November 2024 03:01 AM EST

LONDON (AP) — U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the previous three-month period and below market expectations for 0.2%.

The statistics agency said output in September shrank, a development that is likely to fuel accusations from critics of the new Labour government talked the economy down in its first few weeks in power.

Labour, which took office in July for the first time in 14 years, has made raising economic growth its number one priority over the next five years.

Since the global financial crisis in 2008-9, the British economy has underperformed relative to previous years.

Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.


GlobalTalk
U.K. economic growth slowed down sharply in the third quarter of the year, official figures showed Friday. The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the previous threemonth...
Britain growth Labour economy Reeves output q3
130
2024-01-15
Friday, 15 November 2024 03:01 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved