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UK Economic Data - UK economy unexpectedly declines as services sector stalls
The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show. Chancellor Rachel Reeves said the data was “disappointing” as she said the Government was hoping to grow the economy with families “feeling better off with more money in their pockets”.
Labour reels from shock 0.1% fall in GDP in October
It means that GDP is now 0.1% lower than when Labour came to power in early July when Keir Starmer pledged to make growth his top priority. GDP has now grown in only one month, Au