UK economic system tipped to slide behind that of crisis-torn Germany regardless of bounce-back
The UK economy could slip behind crisis-torn Germany despite a bounce-back.
Gross domestic product (GDP) rose 0.3 per cent in November, the Office for National Statistics said.
But some economists expect growth for the fourth quarter overall to be just 0.1 per cent, while the Bank of England has predicted it will be flat.
Germany grew by 0.2 per cent in the quarter despite a manufacturing crisis, figures yesterday showed.
UK growth was helped by car-maker Jaguar Land Rover’s return to online following its crippling cyber attack. It was also boosted by a surge in accounting and tax advice activity.
Dark clouds remain, however, as figures yesterday showed the sharpest rise in credit card defaults since the second quarter of 2024.
Stuttering: UK gross domestic product rose 0.3% in November, the Office for National Statistics said
DIY INVESTING PLATFORMS
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
