UK’s economy shrinks unexpectedly by 0.1% in October

Dec 12, 2024 - 23:15
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UK’s economy shrinks unexpectedly by 0.1% in October

GDP figures underline scale of challenge for Labour to get the economy growing

Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing.

Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by construction and production, while the dominant services sector stagnated. Continue reading...

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