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UK economy grows at end of 2024

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13 Feb 2025

The UK economy grew by 0.1% in the final quarter of 2024, according to the latest data from the Office for National Statistics (ONS).

The growth was driven by the construction and services sectors, the ONS said.

The UK economy grew by 0.4% in December after strong performances from services and production.

The figures were 'encouraging', said Ben Jones, Lead Economist at the Confederation of British Industry (CBI).

Mr Jones added: 'Today's figures underline how important the government's renewed focus on growth is. Much of the innovation and investment necessary to drive economic growth will come from business leaders across the UK.

'They want to see a government fired up to move from positive words to ambitious delivery, working with business to create the right environment for investment and expansion.

'Whether that's the Industrial Strategy, or reforms to business rates and the Apprenticeship Levy: by prioritising these the government can unlock much needed private sector investment and deliver on its clear vision to kickstart the economy in 2025.'

Latest news stories

18 Sep 2025

British household energy debt has tripled in a decade

The number of customers falling behind on energy bills with no repayment plan in place has more than tripled between 2012 and 2024, according to from the Resolution Foundation.

17 Sep 2025

Inflation heaping pressure on firms, warns BCC

UK firms are still under pressure after the annual rate of inflation remained at 3.8% in August, the British Chambers of Commerce (BCC) has warned.

16 Sep 2025

Covid repayment window opens

The government has launched a voluntary repayment scheme to allow recipients of financial Covid support to repay outstanding money they were not entitled to or did not need with 'no questions asked'.

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