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The Guardian // Business // Economics

UK growth slows but December interest rate cut unlikely; vaccine-maker shares hit by RFK Jr nomination – as it happened

Friday 15th November 2024, 4:07PM

Latest UK GDP growth report shows UK grew by just 0.1% in July-September, a slowdown on the first half of the yearFew expected Britain to boom but the GDP figures will worry the TreasuryRFK Jr condemned as ‘clear and present danger’ after Trump nominationBank of England governor says Brexit has undermined UK economyLuke Bartholomew, deputy chief economist at investment group abrdn, also points the finger at the budget: “The economy was always going to slow from the famously “gangbusters” pace of the first half of this year, but the extent of the slowdown is a bit more pronounced than expected.With activity growth in September being reported as particularly weak, it is plausible that some of slowing is the result of elevated uncertainty at that time, as firms and households speculated about possible tax changes ahead of the Budget. That said, it is also possible that this just represents normal monthly vo

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