{"id":2764,"date":"2024-11-15T11:56:19","date_gmt":"2024-11-15T11:56:19","guid":{"rendered":"https:\/\/260web.com\/news\/uk-economy-barely-grew-between-july-and-september\/"},"modified":"2024-11-15T11:56:19","modified_gmt":"2024-11-15T11:56:19","slug":"uk-economy-barely-grew-between-july-and-september","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/uk-economy-barely-grew-between-july-and-september\/","title":{"rendered":"UK economy barely grew between July and September"},"content":{"rendered":"<p>UK economy barely grew between July and September <\/p>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-1hzwqzn-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg.webp 624w\" type=\"image\/webp\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"Young black woman stands underneath car, using a tool to fix the undercarriage. She has short grey hair, and is wearing blue overalls and light-blue surgical gloves. \" loading=\"eager\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/11\/7HUQUF.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/4eee\/live\/9aaa1880-a329-11ef-8081-4d8651dcd4f7.jpg 624w\" width=\"754\" height=\"424\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tvuve5-StyledFigureCopyright e34k3c20\">Getty Images<\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"byline-block\" class=\"ssrcss-1hbb5i-BylineComponentWrapper e8mq1e90\">\n<div class=\"ssrcss-qt5zqv-BylineWrapper e8mq1e917\">\n<div class=\"ssrcss-h3c0s8-ContributorContainer e8mq1e916\">\n<div class=\"ssrcss-1u2in0b-Container-ContributorDetails e8mq1e913\">\n<div class=\"ssrcss-68pt20-Text-TextContributorName e8mq1e96\">Nick Edser<\/div>\n<div class=\"ssrcss-84ltp5-Text e8mq1e910\">Business reporter, BBC News<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"ssrcss-jlwt2c-Divider e8mq1e915\"><\/div>\n<\/div>\n<div data-component=\"metadata-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2024-11-15T07:07:49.108Z\">15 November 2024, 07:07 GMT<\/time><\/span><\/span><\/div>\n<\/li>\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><span data-testid=\"participate:comments\" class=\"ssrcss-1mh4yp1-IconContainer e4wm5bw0\"><svg viewBox=\"0 0 32 32\" width=\"1em\" height=\"1em\" class=\"ssrcss-xi5oyi-StyledIcon e161cein1\" focusable=\"false\" aria-hidden=\"true\"><path d=\"M1.1 24.2h29.8V1H1.1zM5 11.3h16.5v2.6H5zm20 9H5v-2.6h20zm1.5-12.8H5V4.9h21.5zM13 23.6H6.6V31H9z\" \/><\/svg><\/span>547 Comments<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<div class=\"ssrcss-13mf69a-MetadataSnippetWrapper ek9haql0\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2024-11-15T11:24:46.600Z\">Updated 29 minutes ago<\/time><\/span><\/span><\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">The UK economy barely grew between July and September, with uncertainty about the Budget being blamed for the weak growth.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The economy slowed over the three-month period, growing by just 0.1%, and shrank during September itself.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Labour made boosting economic growth its top priority when it came into power but Chancellor Rachel Reeves said she was &#8220;not satisfied&#8221; with these latest figures which cover the first three months of the new government.<b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\"> <\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, many businesses have criticised tax rises in the Budget which they say will lead to higher prices and fewer new jobs.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Major companies, including Marks &amp; Spencer, Sainsbury&#8217;s and JD Sports have hinted they will increase prices because of the changes.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The latest growth figure was weaker than expected and was a sharp slowdown from the 0.5% growth seen in the April to June period.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">A number of economists said concerns about what October&#8217;s Budget would contain had affected how firms and households had behaved.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Ben Jones, lead economist at the CBI business group, said firms had widely reported &#8220;a slowdown in decision making&#8221; prior to the Budget. He added that once it had been announced it had &#8220;set off warning lights for business&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The increase in National Insurance Contributions for firms together with other measures such as the rise in the minimum wage &#8220;is expected to trigger a more cautious approach to pay, hiring and investment&#8221;, Mr Jones said.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-rt2jmt-Placeholder etlorgc0\"><span><\/p>\n<div><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Bar chart showing quarterly GDP growth in the UK, from October to December 2021, to July to September 2024. \" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/11\/oB5fD9.png\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/ee2a\/live\/95473010-a326-11ef-a4fe-a3e9a6c5d640.png 976w\" width=\"1920\" height=\"1500\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/div>\n<p><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;The economy has a bit less momentum than we previously thought, and it\u2019s striking that the economy has only grown in two of the past six months,&#8221; said Ruth Gregory, deputy chief UK economist at Capital Economics.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, she added &#8220;this doesn\u2019t mean the UK is on the cusp of another recession&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">When the economy is growing steadily, people tend to spend more, extra jobs are created, more tax is paid and workers get better pay rises.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Speaking to the BBC, the chancellor said growth was the &#8220;number one mission&#8221; of the government, and she wanted &#8220;growth to be stronger and to be felt by families across the United Kingdom&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Reeves had been accused of talking down the economy ahead of the Budget, but asked if her comments had affected spirits, she said: \u201cWe\u2019ve had barely any growth in the UK economy for more than a decade now.\u201d<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Shadow chancellor Mel Stride said growth had now &#8220;slowed significantly&#8221; due to Labour&#8217;s policies.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cLabour made a lot of promises about growth in the election, they need to act now before their broken promises lead to yet more tax rises.&#8221;<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Liberal Democrat Treasury spokesperson Daisy Cooper called the growth figures &#8220;disappointing&#8221;, adding tax rises announced in the Budget &#8220;could be the final nail in the coffin for the many small businesses that are already struggling&#8221;.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"links-block\" class=\"ssrcss-12l5xzx-LinksComponentWrapper e3eyuya0\">\n<section class=\"ssrcss-msolhr-LinksWrapper e3eyuya5\">\n<ul role=\"list\" class=\"ssrcss-mh3hvv-InContentLinksGrid e3eyuya3\">\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">How fast is the UK&#8217;s economy growing?<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">1 hour ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">JD Sports boss warns prices will rise due to Budget<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">1 day ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/section>\n<\/div>\n<div data-component=\"subheadline-block\" class=\"ssrcss-19w8cxh-ComponentWrapper-HeadlineComponentWrapper egtrm1f0\">\n<h2 id=\"It-felt-like-people-were-holding-back\" tabindex=\"-1\" class=\"ssrcss-pbttu9-Heading e10rt3ze0\"><span role=\"text\">&#8216;It felt like people were holding back&#8217;<\/span><\/h2>\n<\/div>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-txwq5k-Placeholder etlorgc0\"><span><\/p>\n<div><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg.webp 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg.webp 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg.webp 976w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"Andy Crisp standing in front of pasta and pizza restaurant, Vapiano\" loading=\"lazy\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/11\/p9z2SG.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg 624w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/800\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg 800w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/13ed\/live\/27c75950-a328-11ef-8081-4d8651dcd4f7.jpg 976w\" width=\"3840\" height=\"2160.069304071614\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/div>\n<p><\/span><\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Andy Crisp, manager of pasta and pizza restaurant Vapiano in Manchester, said he had noticed a slight slowdown in the run up to Reeves&#8217; Budget.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The summer was \u201ca game of two halves\u201d, he said, which finished quite strongly with sales up between 2-3% from a year ago.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">However, the week before the Budget he \u201cdid see a downturn\u201d in footfall.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cThe only thing we could potentially put that down to was it felt like there was a nervousness prior to the Budget coming out as to \u2018what does it mean to me? What does it mean to the general public?\u2019<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">&#8220;So it almost felt like people were holding back to find out what the end result was going to be.\u201d<\/p>\n<\/div>\n<\/div>\n<div data-component=\"links-block\" class=\"ssrcss-12l5xzx-LinksComponentWrapper e3eyuya0\">\n<section class=\"ssrcss-msolhr-LinksWrapper e3eyuya5\">\n<ul role=\"list\" class=\"ssrcss-mh3hvv-InContentLinksGrid e3eyuya3\">\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">UK must rebuild post-Brexit relations with EU, says Bank boss<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">2 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<li class=\"ssrcss-r2yl4r-PromoItem e3eyuya1\">\n<div data-testid=\"promo\" class=\"ssrcss-s1qr4x-Promo e1vyq2e80\">\n<div class=\"ssrcss-1enzf19-PromoCompact e18gnqux0\">\n<div class=\"ssrcss-1d68cot-PromoContent exn3ah99\">\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\"><span role=\"text\"><\/p>\n<p class=\"ssrcss-1sen9vx-PromoHeadline exn3ah96\"><span aria-hidden=\"false\">Reeves in radical pension shake-up to boost growth<\/span><\/p>\n<p><\/span><\/div>\n<div spacing=\"2\" class=\"ssrcss-1f3bvyz-Stack e1y4nx260\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\">21 hours ago<\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/section>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The government wants the UK to be the fastest growing economy among the G7 group of rich nations.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">For the July to September period, the UK currently ranks fifth in the G7, behind the US, France Germany and Japan, but above Italy. Canada has yet to publish its growth figure.<\/p>\n<\/div>\n<\/div>\n<div class=\"ssrcss-buqv65-ComponentWrapper-FlourishWrapper eockrme0\">\n<div id=\"20314483\">\n<div data-component=\"include-html\"><iframe loading=\"lazy\" src=\"https:\/\/flo.uri.sh\/visualisation\/20314483\/embed?auto=1\" frameborder=\"0\" scrolling=\"no\" height=\"575\" width=\"700\" style=\"width:100%;\" title=\"Interactive or visual content\"><\/iframe><\/div>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The Office for National Statistics (ONS) said growth in the UK was &#8220;subdued across most industries&#8221; in the latest quarter.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">One big factor was the slowdown in the services sector &#8211; which dominates the UK economy and covers businesses such as shops, bars and restaurants.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The sector grew by just 0.1% over the three months, and saw no growth at all in September.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In October, Reeves presented what she called a &#8220;Budget for growth&#8221;. <\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">But the government&#8217;s independent forecaster, the Office for Budget Responsibility, said the Budget measures would only \u201ctemporarily boost\u201d the UK.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It said the size of the economy would be &#8220;largely unchanged in five years&#8221; compared with its previous estimate.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">On Thursday, Reeves announced plans to shake-up the pensions industry in an attempt to drive investment into UK companies and infrastructure.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">She has also called on UK regulators to focus more on growth to help boost the economy.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">\u201cThe UK has been regulating for risk, but not regulating for growth,\u201d she said.<\/p>\n<\/div>\n<\/div>\n<div id=\"piano-inline1\"><\/div>\n<div data-component=\"topic-list\" class=\"ssrcss-1qmkvfu-TopicListWrapper etw6iwl1\">\n<div class=\"ssrcss-113c0cq-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-50vlbt-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-ad2rmd-Heading e10rt3ze0\">Related topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-1ujonwb-ClusterItems e1ihwmse0\">\n<li>GDP<\/li>\n<li>Economic growth<\/li>\n<li>UK economy<\/li>\n<li>Office for National Statistics<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Fri, 15 Nov 2024 11:24:46 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UK economy barely grew between July and September Getty Images Nick Edser Business reporter, BBC News 15 November 2024, 07:07 GMT 547 Comments Updated 29 minutes ago The UK economy barely grew between July and September, with uncertainty about the Budget being blamed for the weak growth. The economy slowed over the three-month period, growing&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/uk-economy-barely-grew-between-july-and-september\/\">Continue reading <span class=\"screen-reader-text\">UK economy barely grew between July and September<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uk-politics","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=2764"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2764\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/2765"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=2764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=2764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=2764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}