THE UK economy contracted by more than was first thought between July and September with growth also weaker than estimated in a grim set of official figures.
Britain is widely expected to be heading for a recession and the Office for National Statistics (ONS) has now said gross domestic product (GDP) fell by a revised 0.3% in the third quarter of 2022 against the 0.2% decline which was first estimated.
The ONS also said the economy grew less than first estimated throughout the first half of the year, with revisions showing the UK eked out growth of 0.6% in the first quarter and 0.1% in the second.
