UK’s Slow Economic Growth Due in Part to Jaguar Land Rover Cyber Attack: Treasury Chief

Jaguar Land Rover was forced to pause production in early September for more than a month after it had been impacted by a ‘cyber incident.’

British Chancellor of the Exchequer Rachel Reeves during a press conference following her statement to the House of Commons on the findings of the Treasury audit into the state of the public finances in London, on July 29, 2024. Lucy North/PA Wire

The UK’s economic growth slowed in the previous quarter of the year in part due to a major cyber attack on automaker Jaguar Land Rover (JLR), Chancellor of the Exchequer Rachel Reeves said on Nov. 13.

The treasury chief made the remarks after the Office for National Statistics (ONS) said that real gross domestic product (GDP) grew by 0.1 percent between July and September over the preceding three-month period, down on the previous quarter’s 0.3 percent growth.