Reaction to UK economy growth in November

Reacting to the news that the UK economy grew by 0.1 per cent in November, a spokesperson for West & North Yorkshire Chamber of Commerce said: “While a return to growth after two months of contraction is welcome, the reality remains that our economy is treading water.

“British Chamber of Commerce forecasts do anticipate GDP to pick up slightly in 2025 and 2026, but this is driven largely by increased government spending.

“The private sector continues to battle against soaring overheads, most notably around taxation, but also with inflation and labour costs.

“The Government needs to use the Spring Statement to ease cost-pressures and spark investment.

“Business rates reform, infrastructure projects and promoting trade to unlock economic growth should be the Government’s priority.”