UK economy failed to grow over the August-October period, reports the Office for National Statistics in its latest growth report
- Latest: No growth in October
- Economy also stagnated over the last quarter
- Services growth slows; factories and construction contract
- Expert: Brexit uncertainty blights economy
The slowdown in the UK economy isn’t deterring Wetherspoons from expanding.
“We are especially pleased that a large proportion of the investment will be in smaller towns and cities which have seen a decline in investment in recent years.
Geoff Tily of the TUC says today’s GDP report shows “the economy is in trouble…after a decade of Tory cuts”.
The news that the economy has ground to a halt, comes on top of earlier information showing annual GDP growth at a ten-year low and the UK languishing at the very bottom of the rich country league table.
That’s the legacy of a decade of Conservative cuts and mismanagement.