GDP shows zero growth in third quarter, as second quarter is downgraded to 0.4%
Is Labour to blame for slowing UK economy? It’s more complex than thatSharp fall in UK business activity forecast
The UK economy had zero growth between July and September and is expected to have stagnated over the entire second half of 2024, undermining Keir Starmer’s promise to reboot growth.
In an unexpected downgrade as Labour comes under pressure over its economic management since taking power in July, figures from the Office for National Statistics showed growth in the third quarter was revised down to zero, below an initial estimate of 0.1% made last month.
