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The Independent UK
The Independent UK
Millie Cooke and Kate Devlin

Blow for Rachel Reeves after UK economy shrinks by more than expected

The UK economy has shrunk by more than expected in a major blow to Rachel Reeves, just one day after she unveiled her spending review.

The chancellor, who set out record investment in the Commons on Wednesday, acknowledged that the latest GDP figures, released on Thursday, were "clearly disappointing" but insisted her plan for the economy would help deliver growth.

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