UK economy rebounded in November as Jaguar Land Rover attack eased

UK GDP grew 0.3% in November, helped by a rebound in industrial output after a Jaguar Land Rover cyberattack; car manufacturing rose about 26% month-on-month.

Gross domestic product rose 0.3% in November, the Office for National Statistics reported. That followed a 0.1% fall in October. The increase was driven in part by a recovery in industrial production after a cyberattack at Jaguar Land Rover. Car manufacturing rose about 26% month-on-month and the government had earlier provided a £1.5 billion loan guarantee to support suppliers. The report comes as policymakers and markets assess the effects of Chancellor Rachel Reeves' budget. Key facts: - GDP rose 0.3% in November after a 0.1% decline in October, according to the ONS. - Industrial production accounted for roughly half of the monthly GDP increase, with car manufacturing up about 26% month-on-month. - Jaguar Land Rover closed production at its factories for almost six weeks earlier in the autumn after a cyberattack; the government later offered a £1.5 billion loan guarantee for suppliers. - Services output expanded 0.3% and manufacturing grew 2.1% in November; three-month overall output was up 0.1%. - The pound moved briefly after the data and traders adjusted expectations for Bank of England rate cuts, while some market views still see two quarter-point cuts by year-end as likely. Summary: November's rebound increases the likelihood of modest growth across the fourth quarter of 2025, though some economists describe the strength as a rebound rather than a sign of sustained improvement. The full effects of Chancellor Rachel Reeves' budget, which raised taxes by £26 billion, remain to be seen. Bank of England decisions on the timing and size of further interest-rate cuts are likely to be influenced by these data.