The U.S. economy grew faster than previously estimated in the fourth quarter, lifted by strong consumer spending and business investment in nonresidential structures like factories. Gross domestic product increased at a 3.4% annualized rate last quarter, revised up from the previously reported 3.2% pace, the Commerce Department's Bureau of Economic Analysis said in its third estimate of fourth-quarter GDP. Economists polled by Reuters had expected GDP growth would be unrevised.
Labour has said it will strengthen rights and protections for workers by banning zero hours contracts and ending fire and rehire practices.
The Labour leader set out plans to revive Boris Johnson’s failed levelling up agenda and promised to ‘give people hope that politics can change’