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UK’s economy shrinks unexpectedly by 0.1% in October

UK’s economy shrinks unexpectedly by 0.1% in October

  • By
  • December 13, 2024

GDP figures underline scale of challenge for Labour to get the economy growing

Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing.

Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by declines in construction and production, while the dominant services sector stagnated.

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