UK economy shrank unexpectedly before budget, data shows
GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land RoverBusiness live – latest updatesBritain’s economy unexpectedly shrank in October before Rachel Reeves’s budget, official figures show, as activity failed to regain momentum after the...
<p>GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land Rover</p><ul><li><p><a href="https://www.theguardian.com/business/live/2025/dec/12/uk-gdp-growth-october-economy-budget-jlr-stock-markets-pound-bonds-business-live-news-updates">Business live – latest updates</a></p></li></ul><p>Britain’s economy unexpectedly shrank in October before Rachel Reeves’s budget, official figures show, as activity failed to regain momentum after the cyber-attack on <a href="https://www.theguardian.com/business/jaguar-land-rover">Jaguar Land Rover</a>.</p><p>Figures from the <a href="https://www.ons.gov.uk/releases/gdpfirstquarterlyestimateukapriltojune2025">Office for National Satistics (ONS)</a> showed gross domestic product fell by 0.1%, after a 0.1% drop in output in September. City economists had predicted a 0.1% rise in October.</p> <a href="https://www.theguardian.com/business/2025/dec/12/uk-economy-shrank-unexpectedly-before-budget-data-shows">Continue reading...</a>
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