BBC Breakfast interrupted its usual programming to announce breaking news that the UK economy grew by just 0.1 percent in November 2024, marking the first growth in three months. While construction, services, and IT grew, production declined. This modest growth comes at a sensitive time as investor confidence remains low due to the lack of economic growth in the latter half of the year. Chancellor Rachel Reeves stated her commitment to driving economic growth and addressing the concerns of businesses regarding rising national insurance and minimum wage.
BBC Breakfast host Sarah Campbell interrupted Thursday's programme to announce some urgent "breaking news".
Ben noted that the figures were an "estimate," so they could later be revised up or down. This comes after the economy shrank slightly in September and October 2024. The presenter also explained that many businesses are worried about the rise of national insurance and the minimum wage, which may have contributed to the slowing of economic growth.
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