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The UK may avoid a recession for now but it won’t feel like it for many

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.

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Please note that all views in posts that are not from the BSL Editorial Team are not opinions of the company and do not represent us in any form. All Non-Editorial articles are intended to be purely informational and should not be treated as fact.

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