UK economy shrinks for second month, contracting 0.1% in October

The U.K. economy contracted unexpectedly in October, according to data from Britain's Office for National Statistics (ONS). Gross Domestic Product fell by an estimated 0.1%, the ONS said Friday, with ... Read More

UK Economy Unexpectedly Shrinks Again In October

Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said. The decline was unexpected by ... Read More

Mel Stride blasts Labour as economy shrinks for the second month in a row: 'Businesses are sounding the alarm!'

Shadow Chancellor Mel Stride has delivered scathing criticism of the Government's economic performance following the latest GDP figures showing a second consecutive monthly decline. The UK economy ... Read More

UK economy at risk of recession after surprise third quarter decline

The UK is at risk ... remains that economic growth has been subdued,” Ms Henderson said. Martin Beck, chief economic adviser to the EY Item Club, said: “October’s decline in GDP, the growing ... Read More

UK economy shrinks unexpectedly by 0.1% in October

The UK economy ... October, according to the Office for National Statistics (ONS). Economists in a Reuters poll had expected growth of 0.1%. It follows sluggish expansion of 0.1% in the third quarter ... Read More

Britain’s economy forecast to flatline after GDP blow

Britain’s economy unexpectedly shrank, official figures show, days after Sir Keir Starmer watered down manifesto pledges on growth. Gross domestic product (GDP) contracted by 0.1pc in October, ... Read More

UK economy fell into recession after people cut spending

The economy shrank by a larger than expected 0.3% between October and December, after it had already contracted between July and September. The UK is in recession ... to BBC News that Chancellor ... Read More

London close: Stocks weaker after surprise UK GDP contraction

London's stock markets closed lower on Friday as investors reacted to an unexpected contraction in the UK economy during October, while the pound lost ground against major currencies. Read More

UK economy: Shoppers splashing out boosts economy in January

It marks an improvement on the 0.1% decline in output ... attendance dragged the UK into a recession at the end of 2023. The economy shrank by 0.3% between October and December, after it had ... Read More

UK Economy Shrinks In October

The UK economy contracted marginally for the second straight month in October largely reflecting the fall in industrial production, ... Read More