1:29PM

Signing off...

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Thanks for following our live coverage of the latest UK GDP figures, which showed the economy expanded by 0.7pc in the third quarter of the year.

The pound was a touch lower on Thursday as the data signalled the economy was being supported by AI investment and consumer spending.

Households are expected to come under pressure later this year from higher energy prices, which are expected to lead to more increases in interest rates.

You can stay up to date with what you need to know here .

1:10PM

Reeves says economy grew after ‘foundation fixed’

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Rachel Reeves, the former chancellor, appeared to take some credit for the latest growth figures showing the economy grew 0.7pc in the third quarter.

Ms Reeves, who lost her job when Andy Burnham became Prime Minister in July, wrote on X: “Very welcome growth figures this morning.

“With the foundation fixed, Britain’s economy is not just resilient, but strong.

“A turn around from the…