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The Independent UK
The Independent UK
Business
Alex Daniel

UK economy contracts in January amid faltering production sector

Economic growth has been slow in the UK in recent months (Dominic Lipinski/PA) - (PA Wire)

Britain’s economy shrunk in January amid a sharp fall in the manufacturing sector, in a blow to Chancellor Rachel Reeves before her spring statement, official figures have shown.

The Office for National Statistics (ONS) said the economy contracted 0.1% during the month, behind expert predictions and down from a 0.4% rise in December.

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