Skip to main content
Economic growth slowed to 0.1% in first quarter under Labour
Chancellor of the Exchequer Rachel Reeves during a visit to Tokamak Energy in Milton, Abingdon, November 15, 2024

ECONOMIC growth slowed in the first three months of the new Labour government, according to figures published today.

Statistics from the Office for National Statistics (ONS) show that the economy grew by just 0.1 per cent between July and September, compared with 0.5 per cent in the previous quarter.

Chancellor Rachel Reeves said: “Improving economic growth is at the heart of everything I am seeking to achieve, which is why I am not satisfied with these numbers.”

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Unite the union general secretary Sharon Graham
Economy / 13 November 2025
13 November 2025
Paul Nowak, general secretary of the TUC speaking at the TUC congress at the ACC Liverpool. Picture date: Monday September 11, 2023
Wealth Tax / 16 October 2025
16 October 2025
The Bank of England in the City of London
Economy / 16 July 2025
16 July 2025