Britain’s economy is finally bigger than it was before the pandemic after it grew 0.9% in November, with Rishi Sunak praising “the resolve of the British people” – but the increase was before Omicron restrictions were imposed
Today, Rishi Sunak praised the “resoluteness of the British people” after the economy finally regained ground lost to the pandemic.
Official figures show that GDP grew by 0.9 percent in November, which means that the level is now higher than it was in February 2020.
The chancellor said it was “fantastic” news and pleaded for people to get booster hits to keep the recovery on track.
However, the picture is believed to have worsened since November due to the emergence of the Omicron wave and the government’s imposition of “Plan B” restrictions including masks, work-from-home advice and masks in some places.
Official figures show that GDP grew by 0.9 percent in November, which means the level is higher now than it was in February 2020.
ONS Chief Economist Grant Fitzner said: “The economy grew robustly in the month before Omicron hit architects, retailers, couriers and accountants with a bumper month.
Construction also recovered from several weak months, as many raw materials became easier to source.
“This means that monthly GDP exceeded the pre-pandemic level for the first time in November.”
Sunak said: “It is amazing to see the size of the economy return to pre-pandemic levels in November – a testament to the resolve and determination of the British people.
The government continues to support the economy, including through grants, loans and corporate tax breaks, and our plan for jobs ensures that people across the country have great opportunities.
“We all have a vital role to play to protect lives and jobs, and I urge everyone to do their part by stepping up as quickly as possible.”
Rishi Sunak said it was ‘great’ news and pleaded with people to get booster hits to keep recovery on track.