In November 2024, the UK's real GDP grew by 0.1% due to service sector growth, following a 0.1% decline in October. However, there was no growth over the three months leading to November. The widening trade deficit poses challenges for UK businesses. Samuel Edwards from Ebury highlighted the mixed outlook with potential opportunities from the new US administration, while Alice Haine from Bestinvest noted the impact of inflation and tax hikes on businesses and consumers. The trade balance worsened, with exports down by £9.2 billion.