Blow For Rachel Reeves As UK Economy Shrinks For Second Month In A Row
The UK economy unexpectedly shrunk again in October in a huge blow for Rachel Reeves. Figures released on Friday morning by the Office for National Statistics showed gross domestic product (GDP) fell by 0.1%, just as it had done in September. Labour has made growing the economy its number one priority.
UK economy shrinks again in another blow to Reeves, new figures show
The UK economy shrunk again in October, according to official figures, in yet another blow to Rachel Reeves. The Office for National Statistics (ONS) said output fell by 0.1 per cent following the 0.1 per cent decline recorded for the previous month.
The Chancellor insisted the Government’s target for 350 banking hubs was a ‘massive ramp-up’ of previous plans.
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