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Economy in the UK unexpectedly increased by 0.1% in the fourth quarter


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The economy in the UK has unexpectedly increased by 0.1 percent in the fourth quarter, in a surprising reinforcement of work as it seeks to fulfill its promises to restart the economy.

AND GDP Picture for the last three months of the year from the National Statistics Office compared to zero growth in a quarter that ended in September.

Economists predicted 0.1 percent of the fourth quarter contraction, according to a Reuters survey.

Chancellor Rachel Reeves promised to grow the Government’s main mission, throwing their support behind projects, including the third runway at Heathrow’s London Airport and traffic connections between Oxford and Cambridge.

But economy He has repeatedly disappointed since the Labor took over power, stagnated in the second half of last year.

The budget responsibility office is expected to reduce its growth forecasts in the upcoming spring statement, guessing tax revenues and adding to the fiscal pressures that the Chancellor faces.

The fiscal guard told Reeves last week that the head she had previously had against her key budgetary rule had wiped out to factors, including poor economic data.

This is a development story



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