UK economic growth slowed between July and September relative to the previous quarter, according to official data, in a blow to Chancellor Rachel Reeves. The economy grew by 0.1% over the period, versus 0.5% growth between April and June, the Office for National Statistics (ONS) said.
The estimate was behind economist predictions of 0.2% and comes after Labour unveiled a rise in Government spending and business taxes in the Autumn Budget last month.
The estimate was behind economist predictions of 0.2% and comes after Labour unveiled a rise in Government spending and business taxes in the Autumn Budget last month.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:05here are your headlines for this morning. UK economic growth slowed between July and
00:10September relative to the previous quarter, according to official data. The economy grew
00:16by 0.1% over the period versus 0.5% growth between April and June. The estimate was behind
00:23economists' predictions of 0.2% and comes after Labour unveiled a rise in government
00:28spending and business taxes in the autumn budget last month. The economy is estimated
00:35to have contracted by 0.1% in September after growth in the months before that, largely
00:42because of declines in factory output and IT services. My name is Greg Wright. I'm the
00:48Deputy Business Editor of the Yorkshire Post.