The UK economy recorded growth of 0.3% in November, according to official figures showing an improvement for output at a time when households and businesses were anxiously awaiting details of the budget.
The Office for National Statistics (ONS) reported an improvement for industrial production on the previous month amid the phased restart for manufacturing at Jaguar Land Rover after August’s cyber attack.
The ONS measured growth on a rolling three month basis at 0.1%, a performance that economists have partly put down to paralysis caused by the build-up to a budget dominated by signals of more pain to come, including an income tax hike.
Money latest: Why you may have a trust fund you don’t know about
Private sector surveys have suggested that consumer spending picked up following guidance, in mid-November, that the chancellor had backed away from imposing that measure.
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