UK economy shrank unexpectedly before budget, data shows
GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land RoverBusiness live – latest updatesBritain’s economy unexpectedly shrank in October before Rachel Reeves’s...
By Richard Partington Senior economics correspondent · The Guardian World
GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover Business live – latest updates Britain’s economy unexpectedly shrank in October before Rachel Reeves’s budget, official figures show, as activity failed to regain momentum after the cyber-attack on Jaguar Land Rover . Figures from the Office for National Satistics (ONS) showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October. Continue reading...