UK financial system unexpectedly grows in closing months of 2024

UK financial system unexpectedly grows in closing months of 2024


The UK economy unexpectedly grew in the final three months of last year following a boost to the construction and services sectors.

The economy expanded by 0.1% between October and December, according to official figures, despite analysts predicting it would contract.

Growth in the quarter was driven by a range of industries, from pubs and bars to machinery manufacturers, having a strong December.

However, this was offset by weak months in trade for computer programming, publishing and car sales businesses.



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