Revised figure of 0.1% fall instead of previous estimate of no growth is blow to Rishi Sunak’s growth plans
- Business live – latest updates
Fears that the UK has fallen into recession have been heightened after official figures were revised to show that the economy shrank slightly in the July to September period.
The assessment that gross domestic product (GDP) fell by 0.1% in the third quarter – down from the previous estimate of no growth – will be a blow to Rishi Sunak, who has promised to get the economy growing as one of his fives pledges to voters before an expected general election next year.
Continue reading…
