Tue. Sep 29th, 2020

UK economy stagnates as Brexit uncertainty hits growth – business live

UK economy failed to grow over the August-October period, reports the Office for National Statistics in its latest growth report

Earlier:

11.56am GMT

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.

11.24am GMT

Geoff Tily of the TUC says today’s GDP report shows “the economy is in trouble…after a decade of Tory cuts”.

He writes:

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.

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