Unexpected downgrade to show zero GDP growth in third quarter underlines Labour’s challenging start in power
- Is Labour to blame for slowing UK economy? It’s more complex than that
- Sharp fall in UK business activity forecast
The UK economy flatlined between July and September and is on track to have stagnated over the entire second half of 2024, adding to pressure on Keir Starmer over his promise to reboot growth.
In an unexpected downgrade, figures from the Office for National Statistics (ONS) showed growth in the third quarter was revised down to zero, below an initial estimate of 0.1% made last month.
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