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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Signals are flashing red for Rishi Sunak’s economic growth pledge

Britain's prime minister, Rishi Sunak
Rishi Sunak made economic growth one of his five pledges for 2023. Photograph: Justin Tallis/AFP/Getty Images

The UK economy is sinking. The question is for how long and whether the downward surprise in October is repeated in the coming months.

Some analysts responded with a shrug to a 0.3% contraction in gross domestic product (GDP) that followed September’s 0.2% rise, saying it was a one-off decline before an expected rebound in November.

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