GDP fell by 0.3 per cent in August
(Picture: PA Wire)Fears of a recession grew on Wednesday after the UK economy unexpectedly shrank in August adding to market uncertainty over the Government’s tax-cutting growth plan.
GDP fell by 0.3 per cent in August, according to the Office for National Statistics, as oil and gas production dropped along with a decline in output from manufacturing, sport and health services. At the same time July’s growth figure of 0.2 per cent was downgraded to 0.1 per cent.
