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The Independent UK
The Independent UK
Business
Howard Mustoe

Analysis: Reeves faces recession fears but shrinking industry could offer a bigger problem

Rachel Reeves Recession Economy Julian Jessop United Kingdom Budget Germany Office for National Statistics

The UK economy shrank again in October, putting economists on “recession watch” in a blow to Chancellor Rachel Reeves’ plan to turn productivity around.

But lurking in the new figures is a more long-term problem.

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