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International Business Times

Business

Roland JACKSON

UK Economy Shrinks Before Election Year

Economy United Kingdom Rishi Sunak Office for National Statistics Darren Morgan Inflation GDP Recession Bank of England Britain

Recession risks have grown in the UK as Prime Minister Rishi Sunak trails in the polls ahead of a general election next year (Credit: AFP)

Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year.

The downbeat news delivers a blow to Conservative Prime Minister Rishi Sunak, who trails opposition Labour leader Keir Starmer in the polls despite a sharp slowdown of inflation.

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