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UK economy grows as GDP rises 0.1% & what it means for your money


THE UK economy grew in November offering some relief for the government.

The latest figures from the Office for National Statistics (ONS) reveal GDP rose by 0.1% in November.

British coins and a twenty pound note.
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The ONS has published its latest data on GDP[/caption]

This comes following a 0.1% fall in both September and October – the first time the economy had contracted for two consecutive months since March and April 2020.

GDP in November grew largely due to the services sector, which rose by 0.1%.

The production sector shrank by 0.4% which was offset by construction which grew by 0.4%.

However, the ONS also said GDP was estimated to have shown no growth in the three months to November.

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