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The Telegraph
The Telegraph
12 Jan 2024
Chris Price


Economy bounces back in boost for Sunak - latest updates

Britain’s economy grew by more than expected in November, official figures show, delivering a boost for Rishi Sunak as he aims to show Britain avoided a recession at the end of last year.

Gross domestic product (GDP) expanded by 0.3pc during the month, according to the Office for National Statistics (ONS).

Economists had expected the economy to grow by 0.2pc.

The UK economy had experienced a big decline in economic output in October, with the economy contracting by 0.3pc, more than reversing the 0.2pc rise in September.

The weak figures for the fourth quarter come after the economy had shrank by 0.1pc in the three months to September. Two consecutive quarters of contraction are considered the definition of a recession.

The latest growth comes as the Prime Minister aims to meet one of his five key pledges to grow the economy as he tries to get on the front foot ahead of a general election expected in the second half of this year.

Read the latest updates below.