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UK Economy Stalls with Minimal GDP Growth Amid Budget Concerns

2 hours ago

UK Economy Stalls with Minimal GDP Growth Amid Budget Concerns
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7 Highlights

  • UK GDP growth in Q3 2024 was just 0.1%, missing the 0.2% expected rise.
  • Chancellor Rachel Reeves is dissatisfied with current economic trends.
    • September 2024 saw a 0.1% drop in UK GDP, causing concern.
    • Uncertainty before the Budget is cited as a reason for the slowdown.
    • Retail and construction sectors showed positive results.
    • High immigration seems to inflate growth rates, affecting accuracy.
    • New strategies aim to stabilize finances and boost growth.
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