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The Independent UK
The Independent UK
National
Via AP news wire

UK economy shrinks 0.3% in three months through October

Copyright 2022 The Associated Press. All rights reserved

Britain’s economy shrank in the three months through October, confirming the toll that rampant inflation and rising interest rates are having on business and industry.

Gross domestic product, the broadest measure of economic activity, fell by 0.3% in the period when compared with the three months through July, the Office for National Statistics said Monday.

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