UK economic growth disappointed in the fourth quarter, coming in less than forecast as business investment contracted and the services sector showed no improvement. Parliamentary Secretary to the Treasury Daniel Tomlinson addressed the figures, acknowledging the challenges while expressing optimism about the economic trajectory.

The weak performance in business investment and services stagnation has added mounting pressure on embattled Prime Minister Keir Starmer's administration. The disappointing data compounds existing concerns about the UK's economic recovery pace, particularly as businesses face persistent headwinds in the current economic climate.

Despite the gloomy numbers, Tomlinson insisted the economy is turning a corner, suggesting recent policy measures will begin to yield positive results. The Treasury's stance contrasts with market expectations, leaving investors to parse mixed signals about the UK's near-term economic prospects amid global uncertainties.