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The Independent UK
The Independent UK
Archie Mitchell

UK economy unexpectedly shrank by 0.1% in January in blow to Rachel Reeves

The UK economy contracted by 0.1 per cent in January in a blow to Rachel Reeves and Sir Keir Starmer’s growth mission, according to the Office for National Statistics (ONS).

Just weeks before the chancellor delivers her spring statement setting out the government’s spending plans, the ONS said the economy started the year shrinking.

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