star Mhari Aurora claimed the minor growth in the economy is “nothing to shout about”.
Official figures released this morning show that in the final three months of last year, easing pressure on the chancellor, .
Figures from the Office for National Statistics show gross domestic product rose by 0.1% in the fourth quarter of 2024, beating the forecasts of City economists and the Bank of England for a decline of 0.1%.
The ONS estimated that the economy expanded by 0.4% in December, which is better than most analysts expected, and marked a pick up following a 0.1% rise in November and a 0.1% fall in October.
Discussing the update on Sky News, presenter Wilfred Frost claimed the new figure has “reset the clock” for Ms Reeves, meaning a recession is far more unlikely.
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The economy has grown by 0.1% (Image: Getty)
“That’s a huge reprieve, not win, but reprieve for the chancellor,” he said.
Mhari issued a slight blow to the chancellor, responding: “As you sau, 0.1% is nothing to shout about.”
However, the political correspondent recognised that the new figure will do a “huge amount of heavy lifting” and allow Ms Reeves to argue that what she is doing is working.
Mhari continued: “It’s important to remember that these numbers are not huge. They are not something that will turn people’s lives around overnight.
“But nonetheless, the fact that there has been a small amount of growth will allow Reeves and Starmer to make the argument that they can be trusted with the public finances, that they can do the right thing for the economy and that things are going in the right direction.”
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claimed the minor growth in the economy is “nothing to shout about” (Image: Sky News)
Despite the growth numbers coming in higher than expected, the chancellor remains unsatisfied and is determined to go “further and faster”.
She said it is “not possible to turn around more than a decade of poor economic performance in just a few months”.
Ms Reeves continued: “We are doing what is necessary to bring stability back to the economy, reforming the economy, the planning system, regulation and pensions to encourage investment in our economy, which is the lifeblood of a successful economy.
“We need to go further and faster in doing that, to turn around our poor growth performance and to make working people better off.”