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The Independent UK
The Independent UK
Harriette Boucher

UK economy unexpectedly shrank in October in fresh blow for Rachel Reeves

Rachel Reeves Economy Office for National Statistics United Kingdom Budget Jaguar Land Rover Mel Stride GDP

The UKeconomy shrank by 0.1 per cent in October in a fresh blow for embattled chancellor Rachel Reeves.

The Office for National Statistics (ONS) said gross domestic product (GDP) fell by 0.1 per cent, following a 0.1 per cent decline in September. The economy has not grown since June, after no growth was recorded in August.

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