UK economy

UK economy grew by 0.1% in February 2024

One tenth of 1% is very little but we can at least hope the UK is on it’s on way out of recession

Let’s blame the weather

The economy grew by 0.1%, figures show, boosted by production and manufacturing in areas such as the car sector. The Office for National Statistics (ONS) said that construction was dampened by wet weather.

The official ONS statistics also revised its previous estimate for January 2024 from 0.2% growth up to 0.3%.

Hunt is happy with 0.1% growth…?

Chancellor Jeremy Hunt reportedly suggested that the new figures were a “welcome sign that the economy is turning a corner”. “We can build on this progress if we stick to our plan,” he added.

That’s good then Jeremy – well done you, nice plan!

UK growth February 2024 at 0.1%

UK growth February 2024 at 0.1%

Leave a Reply

Your email address will not be published. Required fields are marked *