The UK may avoid a recession for now but it won’t feel like it for many
by Larry Elliott Economics editor from on (#67SDA)
Jeremy Hunt is not getting carried away by November growth, and monthly GDP moves can be erratic
In normal circumstances the fact that the UK economy eked out a bit of growth in November would be of little relevance, especially since the 0.1% monthly expansion was partly the result of extra spending on food and drink during the World Cup.
Yet for a government sorely in need of some good - or even some less bad - news, the latest bulletin from the Office for National Statistics (ONS) provides some hope that the economy may have avoided falling into recession in late 2022.
Continue reading...