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UK economy latest: Growth slower than expected at 0.1% ahead of crucial Reeves Budget

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UK economy latest: Growth slower than expected at 0.1% ahead of crucial Reeves Budget


JLR cyber attack impacted economy, says ONS chief

Office of National Statistics director of economic statistics Liz McKeown has said that growth was impacted by a fall in car production, as a result of the JLR cyber attack.

She said: “Growth slowed further in the third quarter of the year with both services and construction weaker than in the previous period.

“Across the quarter as a whole manufacturing drove the weakness in production.

“There was a particularly marked fall in car production in September, reflecting the impact of a cyber incident, as well as a decline in the often-erratic pharmaceutical industry.”

Bryony Gooch13 November 2025 07:21

GDP a ‘damning indictment of Labour’s disastrous decisions’

Liberal Democrat Treasury spokesperson Daisy Cooper MP said: “This is a damning indictment of Labour’s disastrous decisions.

“From the jobs tax to business rates bills, the economy is barely spluttering along.

“The chancellor must take up our plans for an emergency package to save our high streets, put money back in the pockets of families and finally fix our broken relation with Europe to bring in billions for our public services.”

Bryony Gooch13 November 2025 07:16

BBC licence fee ‘criminalises people who want to watch television’, Nadine Dorries says

Nadine Dorries: BBC licence fee ‘criminalises people who want to watch television’

Former Culture Secretary Nadine Dorries has attacked the BBC licence fee , arguing the mandatory payment “criminalises people who want to watch television.” Dorries criticised the funding model for unfairly charging viewers, when she appeared on ITV’s Peston show on Wednesday (12 November). She also questioned the system’s viability in the “digital age,” stressing that the younger generation now gather news from other sources. Her comments reignite the debate over the future of the licence fee, which she previously sought to freeze while in government.

Bryony Gooch13 November 2025 07:15

As growth slows, could the Bank of England cut interest rates?

Concerns over a slowdown growth have led to predictions from economists that the Bank of England will cut interest rates next month, to 3.75 per cent, and could cut rates deeper than previously expected.

Policymakers will also look at the latest inflation data, which will be released next week, when they assess the next vote on interest rates.

Bryony Gooch13 November 2025 07:12

Experts predicted 0.2 per cent slow down

The 0.1 per cent growth is slower than experts predicted, after they already suggested it would slow down in the third quarter.

Experts predicted that the Office for National Statistics would report 0.2 per cent growth over the three months to September in their latest update on Thursday morning.

It will represent a slowdown after 0.3 per cent in the previous quarter, continuing a notable drop-off after a 0.7 per cent rise in the first three months of the year.

Bryony Gooch13 November 2025 07:09

ONS announces latest growth figures

Bryony Gooch13 November 2025 07:08

Growth slower than expected

The UK economy grew by 0.1% in the three months to September, according to the ONS, which is slower than expected.

Bryony Gooch13 November 2025 07:04

Analysis: Slow growth over third quarter would present setback for Reeves

Rachel Reeves and the government have been hopeful that stronger economic growth can help increase tax revenues and support government spending plans.

Slow growth or a stagnant economy over the third quarter would present a setback for the chancellor.

Sanjay Raja, chief UK economist at Deutsche Bank, has said the positive tempo in the economy earlier this year has “tempered” in the second half.

He added: “Anticipated weakness in growth is a result of weaker industrial production activity, and primarily weaker oil and manufacturing output.

“We expect the construction sector to remain flat on the month, with services activity just about inching higher to end Q3.”

Bryony Gooch13 November 2025 07:01

Explained: Why is Rachel Reeves considering lifting the two-child benefit cap?

Bryony Gooch13 November 2025 07:00

UK economists predict growth to have slowed

GDP grew by 0.3 per cent in the three months to August 2025 compared with the three months to May 2025, a slight increase following growth of 0.2 per cent in the three months to July 2025.

But Sanjay Raja, chief UK economist at Deutsche Bank, predicts this will not last and UK economic growth will have slowed further over the third quarter of 2025.

He said: “Anticipated weakness in growth is a result of weaker industrial production activity, and primarily weaker oil and manufacturing output.

“We expect the construction sector to remain flat on the month, with services activity just about inching higher to end Q3.”

Bryony Gooch13 November 2025 06:55



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Probe Into Air India Crash To Move As Per International Mandate: Centre Informs SC

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Probe Into Air India Crash To Move As Per International Mandate: Centre Informs SC


New Delhi: The Central government informed the Supreme Court on Thursday that the investigation into the Air India Ahmedabad crash is being conducted by Indian authorities, in accordance with the mandate laid down by the International Civil Aviation Organisation (ICAO).

The Solicitor General of India (SGI) Tushar Mehta, appearing for the Centre, submitted that the victims of the crash include foreign nationals as well. This, Mehta added, requires the investigation to be handled as per the international regime, which is followed in air crashes.

During the hearing, the Supreme Court, after hearing the Centre’s oral submissions, asked the petitioners, the father of deceased Captain Sumit Sabharwal, and an NGO, Safety Matters Foundation, to file their counter-replies to the Centre’s submissions, in this regard.

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Earlier, the Supreme Court had sought the Centre’s response on pleas filed by petitioners seeking an independent, court-monitored probe into the Air India Ahmedabad crash that killed 260 people.

During the hearing today, Senior Advocate Gopal Sankarnarayan and Advocate Prashant Bhushan, appearing for the petitioners Pushkarraj Sabharwal, who is the father of Captain Sumit Sabharwal, the pilot of the Air India flight that crashed near Ahmedabad airport on June 12, and Safety Matter Foundation, another petitioner, sought a court-independent probe into the crash.

Bhushan stated that, as per the rules provided by the government, an accident of such a serious nature requires a court-ordered inquiry. Senior Advocate Gopal Sankaranarayanan, in agreement with the Centre’s submission, stated that there is indeed an international framework to be followed in the event of such crashes, but it is not being followed by the Central government.

During the hearing, the apex court also clarified that the Air Accident Investigation Bureau of India’s (AIBB) preliminary report has nothing to do with attributing responsibility or blame with respect to the tragic crash.

“It is not to apportioning responsibility, it is to clarify the cause and then give reasoning of the crash”, Justice Bagchi said.

Counsels appearing for petitioners also informed the Court that the Centre has not yet filed its response on their pleas seeking an independent probe into the crash. After noting the same, the Court asked the Centre to file its response in writing.

It also asked the petitioners to file their counter replies to the Centre’s response and listed the matter on a later date. (The listed date for the next hearing in the matter will be confirmed once today’s order is uploaded on the official Supreme Court website.)



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Miliband urges Starmer to wield the axe as he weighs in on Labour crisis: Live

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Miliband urges Starmer to wield the axe as he weighs in on Labour crisis: Live


Ed Miliband responds to Labour coup plot rumours

The prime minister will “get rid” of the aide behind a briefing that has led to a leadership row if he finds them, energy secretary Ed Miliband has said.

Sir Keir Starmer has apologised to Wes Streeting for anonymous attacks from No 10 that he was plotting a coup, which the health secretary decried as “self-defeating” claims.

“If he finds the person, he’ll get rid of them, and I absolutely believe he would do that,” Mr Miliband told Sky News. “I think the briefing has been bad, no question. But my message to the Labour Party, though, is quite simple today, which is, we need to focus on the country, not ourselves.”

Concern around leadership has deepened ahead of chancellor Rachel Reeves’s Budget on 26 November, as the UK economy grew by 0.1 per cent in the three months to September, according to the Office of National Statistics. This is a marked slowdown from the 0.3 per cent in the previous quarter.

ONS director of economic statistics Liz McKeown linked slow growth to the impact of the JLR cyber attack on the manufacturing sector.

Analysis: Knives still out for McSweeney

Senior Labour figures are still furious about the events of the last 36 hours – and demanding the head of Starmer’s chief of staff Morgan McSweeney, according to Whitehall Editor, Kate Devlin.

A Labour peer told the Independent Keir was being “derailed” by some of the people around him.

“It was a mistake to sack Sue Gray, engineered by McSweeney. Some say McSweeney is too powerful to sack – but that would now show Starmer is fully in charge,” he added.

Kate Devlin, Whitehall Editor13 November 2025 09:35

Three ways Starmer could be ousted as PM after Streeting coup rumours

Bryony Gooch13 November 2025 09:27

Former bank chief claims Reeves doing all she can to stop economic growth

The former chairman of NatWest Bank has launched a broadside against Rachel Reeves warning she is doing everything she can to prevent economic growth.

Economist Sir Howard Davies told Radio 4’s Today Programme criticism of the chancellor comes less than two weeks ahead of a crucial budget which many believe could make or break the government.

While the chancellor came into office claiming that economic growth was her number one mission, the economy has stagnated.

Sir Howard blamed the policies she has brought in including increasing national insurance contributions on employers and new employment rights.

He said: “I would say that the way the government have been behaving in recent months is such that if they were trying to slow the economy down, I can’t think of anything else I would do, because you demonstrate first of all that you’ve got trouble at the top of the government, you then conduct a series of remarkable leaks suggesting that you’re going to tax property, you’re going to tax wealth, you’re going to tax gambling, you’re going to tax banks. You’re now going to tax even bikes for goodness sake.

“All of that is a sort of cumulative weighing down and creation of uncertainty. In addition, you have legislation which makes it more expensive to hire people, and you carry out a policy of public spending whereby public sector wages are going up by 6.6 per cent a year, and private sector by 4.2 and that is stopping the Bank of England from reducing interest rates, which would help as well. So there’s a whole series of things which are not appropriate.”

David Maddox, Politics Editor13 November 2025 09:20

Starmer’s shambles in No 10 risks handing power to Farage, Alastair Campbell warns

In a withering attack, Alastair Campbell said public support for the prime minister was “draining away” fast, adding that the government had “no compiling narrative” and had scored ‘too many own goals.’

The intervention by Mr Campbellcomes amid reports the prime minister has apologised to his health secretary Wes Streeting over a briefing operation against him on Tuesday evening from within Downing Street.

Mr Campbell said the prime minister needs to reassert control as he faces demands to sack his chief of staff Morgan McSweeney over the claims made by sources that Mr Streeting was preparing to launch a leadership coup.

Bryony Gooch13 November 2025 09:14

Alistair Campbell tells Downing St ‘get a grip’ amid leadership row

Alastair Campbell, former director of communications at Number 10, said Downing Street needs to “get a grip” as Sir Keir Starmer faces a leadership row following briefings against Health Secretary Wes Streeting.

Speaking to BBC Radio 4’s Today programme, Mr Campbell said he believed the Labour Party’s strategy “isn’t going very well”.

He said: “The worst thing about recent days is it’s made a relatively new government look like the last lot.

“There are bigger, worse enemies – like Nigel Farage.”

“Get a grip,” he added.

(Billie Charity and Hay Festival)

Bryony Gooch13 November 2025 09:05

PM is going ‘nowhere’ says former Labour comms chief

Amid concerns around the Budget, pressure remains on Sir Keir Starmer following a leadership row following briefings against Health Secretary Wes Streeting.

Former Labour communication chief Tom Baldwin told BBC Radio 4’s Today programme he believes the Prime Minister is going “nowhere”.

Asked whether he thinks the Prime Minister is in control, Mr Baldwin said: “I think this is the time where he really can get a grip on this.”

The former journalist, known to be close to the Prime Minister, added: “Keir Starmer is going nowhere out of Downing Street.”

Mr Baldwin’s comments come as Sir Keir faces pressure to overhaul his “toxic” Downing Street operation, after the Health Secretary criticised briefings from No 10 suggesting that he was plotting a coup.

Speaking to Sky News yesterday, Mr Streeting said the “juvenile” briefing against him showed problems with the culture in Sir Keir’s administration.

Bryony Gooch13 November 2025 08:40

Watch: Ed Miliband responds to Labour coup plot rumours

Ed Miliband responds to Labour coup plot rumours

Bryony Gooch13 November 2025 08:29

Industry analysis: ‘All eyes will be on the Budget after weak GDP reading’

Scott Gardner, investment strategist at JP Morgan Personal Investing, has said that more pressure is on the upcoming Budget after the weak GDP figures.

“All eyes will now be on the upcoming Budget with another weak GDP reading only adding to debates around which levers the Chancellor can pull to stimulate growth. In our view, boosting housing market activity is key to unlocking decent, sustained growth.

“This is especially important as recent uncertainty around potential changes to stamp duty and council tax has impacted overall sales and led to a softening in some parts of the market, like London.”

Bryony Gooch13 November 2025 08:22

Analysis: ‘Unspectacular’ economic growth shows importance of policies to boost public and private investment

Reacting to today’s quarterly GDP figures, Ashwin Kumar, director of research and policy at IPPR, said: “The UK continues to show unspectacular economic growth. Today’s figures emphasise the need for the government to continue with its policies to boost public and private investment, reform the planning system, and improve our trading relationship with the EU.

“The government needs to consider how it can provide more certainty to businesses looking to build and look at how it can reform taxes to promote growth.

“This quarter’s GDP figures were also affected by a major cyber attack on one car manufacturer, emphasising the real effects of cyber crime, and the economic value of measures to protect the UK from such activity.”

Bryony Gooch13 November 2025 08:14

Miliband admits GDP figures are ‘disappointing’

Ed Miliband has admitted that this morning’s GDP (gross domestic product) figures are “disappointing”.

The UK economy grew by 0.1 per cent in the three months to September, according to the Office of National Statistics, which is slower than expected.

Just after it was announced, the energy secretary told BBC Breakfast: “These are disappointing figures.”

He partly blamed the impact of the JLR cyber attack on the manufacturing sector, saying: “There were particular factors due to the JLR cyber attack that have affected the figures that come out today.”

He added: “The government are very focused on taking the actions that can get growth going in our economy because that’s the way to raise living standards.”

Energy Secretary Ed Miliband insists he is not giving up in the fight against climate change (Jordan Pettitt/PA)
Energy Secretary Ed Miliband insists he is not giving up in the fight against climate change (Jordan Pettitt/PA) (PA Wire)

Bryony Gooch13 November 2025 08:11



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Here’s what to expect when Disney reports earnings before the bell

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Here’s what to expect when Disney reports earnings before the bell


A statue of Walt Disney and Mickey Mouse stands in a garden in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida.

Gary Hershorn | Corbis News | Getty Images

Disney will report quarterly earnings on Thursday, and Wall Street will once again be focused on updates from the company’s media business — particularly when it comes to traditional TV and streaming.

Here is what Wall Street is expecting Disney to report for its fiscal fourth quarter, according to LSEG:

  • Earnings per share: $1.05 expected
  • Revenue: $22.75 billion expected

This will mark the last time the company reports subscriber numbers and the average revenue per unit, or ARPU, for its streaming services, which includes Disney+ and Hulu.

Disney will follow in the footsteps of streaming behemoth Netflix, which earlier this year stopped updating investors on its subscriber count.

In August, Disney said it had nearly 128 million Disney+ subscribers, and Hulu had 55.5 million. That same month the company also launched the ESPN direct-to-consumer app, which includes all of the content from its TV networks.

The company also said it would no longer report subscriber and ARPU metrics for ESPN+ beginning in the fiscal fourth quarter.

The company also once again hiked prices on its streaming offerings in October.

The final subscriber report will also shed light on whether Disney’s streaming subscriptions were affected by its decision in September to temporarily suspend late night program “Jimmy Kimmel Live!”

Disney had pulled the show from the air following comments Kimmel made about Charlie Kirk’s killing and President Donald Trump‘s MAGA movement. Following the decision to pause the program — which lasted less than a week — media outlets reported Disney experienced an exodus of subscribers.

While streaming remains the key area of focus for investors given its consistent growth, eyes will also be on Disney’s traditional TV networks, which include the broadcast network ABC and cable TV channels like ESPN and FX.

Media peers like Warner Bros. Discovery have recently reported quarterly earnings which showcase continued declines at TV networks, particularly when it comes to advertising revenue, as more consumers shift from the TV bundle to streaming options. Disney has reported operating income and ad revenue declines for the linear networks in prior quarters.



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