Nadhim Zahawi has said "there is no doubt these are challenging times", as new figures showed the UK's GDP fell by 0.1 per cent between April and June.

Amid the shrinking economy and warnings of a recession, the Chancellor said he is focusing on growth by encouraging private sector investment. Report by Buseld. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn