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Evening Standard
Evening Standard
Politics
Michael Howie and Nicholas Cecil

GDP shock: London businesses slam Budget turmoil as UK economy shrinks 0.1% in October

A shock contraction in the economy in the run-up to Budget was revealed on Friday - with the blame being laid at months of feverish tax rise speculation fuelled by Treasury leaks.

The latest Gross Domestic Product (GDP) figures showed the economy unexpectedly contracted by 0.1% in October.

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