Tag Archives: shrinks

UK economy unexpectedly shrinks in October for second straight month

UK economy unexpectedly shrinks in October for second straight month

The figures come as a setback for the new Labour government and its pro-growth agenda. ADVERTISEMENT The UK economy shrank by 0.1% in October, following a contraction of the same scale in September, said the Office for National Statistics on Friday. The figures mark the first back-to-back fall since March and April 2020, when the UK entered its first COVID-19 …

Read More »