Britain’s economy grows by more than expected in hope to avoid recession

Sign up for the View from Westminster e mail for skilled evaluation straight to your inbox

Get our free View from Westminster e mail

The UK economy grew by more than expected in November, in accordance to new figures, boosting hopes of avoiding a recession.

Gross home product (GDP) rose by 0.3% in November, after declining by 0.3% in October, in accordance to the Office for National Statistics (ONS).

Economists had been anticipating GDP to rise by 0.2%.

The uplift was pushed by the companies sector, which rose by 0.4% in the course of the month, and was the most important contributor to financial progress.

The ONS’s chief government Grant Fitzner stated: “The economy contracted a little over the three months to November, with widespread falls across manufacturing industries, which were partially offset by increases in public services, which saw less impact from strike action.

“GDP bounced back in the month of November, however, led by services with retail, car leasing and computer games companies all having a buoyant month.

“The longer-term picture remains one of an economy that has shown little growth over the last year.”