Economic growth slowed to 0.1% in first quarter under Labour
Chancellor of the Exchequer Rachel Reeves during a visit to Tokamak Energy in Milton, Abingdon, November 15, 2024
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ECONOMIC growth slowed in the first three months of the new Labour government, according to figures published today.
Statistics from the Office for National Statistics (ONS) show that the economy grew by just 0.1 per cent between July and September, compared with 0.5 per cent in the previous quarter.
Chancellor Rachel Reeves said: “Improving economic growth is at the heart of everything I am seeking to achieve, which is why I am not satisfied with these numbers.”
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