UK economy shrinks for second successive month as Budget concerns loom large

The Office for National Statistics said GDP fell 0.1% in October 2024. Services showed 'no growth', while Production (-0.6%) and construction (-0.4%) both fell.

clock • 2 min read
Are Labour policies working? Chancellor Rachel Reeves said: "We have put in place policies to deliver long-term economic growth."
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Are Labour policies working? Chancellor Rachel Reeves said: "We have put in place policies to deliver long-term economic growth."

The UK economy has shrunk for a second successive month as farmers continue to voice concern over the Autumn Budget's potential impact on the future of agriculture. Figures from the Office for National...

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