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Reeves cheers feeble growth figures
Chancellor of the Exchequer Rachel Reeves speaking to a staff member during a tour of the manufacturing facilities at Premier Modular in Driffield, Humberside, January 30, 2025
ANAEMIC growth brought a measure of relief to beleaguered Chancellor Rachel Reeves today as fears of a recession diminished.
Official statistics showed the economy grew by all of 0.1 per cent in the last quarter of 2024, ahead of City forecasts.
However, manufacturing continued to contract, falling for the fifth consecutive quarter, with the production sector of the economy shrinking by 0.8 per cent.
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