Fri. Jan 22nd, 2021

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


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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