The British economy more or less expansion in November after two months of contraction, according to the most recent official figures.
Gross Domestic Product (GDP), the popular measure of the price of an economy and everything that produces, higher up to 0. 1% until the last month, according to the knowledge of the National Statistics Office.
It expected to accumulate up to 0. 2%.
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This is a new combined for the government, which has made the economic expansion of its absolute priority.
Despite the government’s aim, the economy shrank by 0.1% in both October and September. The latest quarterly data showed there was no economic growth in the three months from July to September.
The NSO described the economy as “largely flat. ” The building announced Thursday that the economy is moving “only slightly,” he added.
What parts of the economy have grown up and which have they done?
Pubs, and IT companies, said the director of Economic Statistics of ONS Liz McKewn.
The new advertising advances meant that the expansion in the structure industry, McKewn added.
The highest “a bit” services sector, but all this is partially compensated through the accounting sector and the rental and rental of companies.
Also pushing down the growth rate were manufacturing businesses and oil and gas extractors.
Why is it important?
The Government has established many of its expense and investment plans in economic expansion. You want the expansion to respond to your political promises and your expense commitments.
But the economy is no bigger than when the government took over the workplace in July.
Prices accumulate in April when water and electricity expenses are accumulating backward and taxes on employers, which means that there is an expectation that inflation construction increases.
With more load pressures on consumers, it is feared that expansion can be even more difficult to achieve than it is today. An era of stagflation is afraid at this time.
Foreign Minister Rachel Reeves admitted Sky News that the highest economy “although modestly. “
When asked if the expansion had been suffocated since it came to work, Reeves said that the fact that the British economy “had barely grown” in more than 14 years.
Growth “takes time”, she said, and with investment and reform, she was “confident we can build our economy and make people better off”.