Economic growth (GDP), Rachel Reeves, Economics, Business, Bank of England, Interest rates, Office for National Statistics, UK news, Manufacturing sector, Services sector, Mel Stride, Politics Business | The Guardian
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statementAnalysis: Shrinking economy an unhelpful backdrop for Reeves’s growth pushBusiness live – latest updatesThe UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves before the spring statement later this month.In a surprise to City economists, who had expected 0.1% growth in January, the Office for National Statistics data showed the services sector failed to offset a decline in the industrial sector and maintain growth from the previous month. Continue reading…
ONS data showing 0.1% fall in GDP in January comes less than two weeks before chancellor’s spring statement
- Analysis: Shrinking economy an unhelpful backdrop for Reeves’s growth push
- Business live – latest updates
The UK economy contracted by 0.1% in January, dealing a blow to Rachel Reeves before the spring statement later this month.
In a surprise to City economists, who had expected 0.1% growth in January, the Office for National Statistics data showed the services sector failed to offset a decline in the industrial sector and maintain growth from the previous month.
