Reported about 9 hours ago
Britain's economy showed minimal growth of 0.1% in November, falling short of the anticipated 0.2%, as concerns about stagflation persist. Despite a slight uptick, the economy remains smaller than it was last June, and pressure mounts on Chancellor Rachel Reeves following significant tax increases and rising government yields. The service sector's growth was offset by declines in industrial production, and unless GDP exceeds 0.07% in December, a second quarter of stagnation looms. Experts warn that high interest rates could further impede recovery.
Source: YAHOO