uk gdp

UK economy flat-lined in Q3 in new setback for government

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UK economy flat-lined in Q3 in new setback for government

Britain’s economy failed to grow in the third quarter, official figures showed on Monday, adding to the signs of a slowdown that has cast a shadow over Prime Minister Keir Starmer’s new government.The Office for National Statistics lowered its estimate for the change in gross domestic product output to 0.0% in the July-to-September period from … Read more

Data confirms UK economy went into recession last year

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Data confirms UK economy went into recession last year

Official figures confirmed Britain’s economy entered a shallow recession last year, leaving Prime Minister Rishi Sunak with a challenge to reassure voters that the economy is safe with him before an election expected later this year. Gross domestic product shrank by 0.1% in the third quarter and by 0.3% in the fourth quarter, unchanged from … Read more