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
- Latest: No growth in October
- Economy also stagnated over the last quarter
- Services growth slows; factories and construction contract
- Expert: Brexit uncertainty blights economy
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.
Continue reading…UK economy failed to grow over the August-October period, reports the Office for National Statistics in its latest growth reportLatest: No growth in OctoberEconomy also stagnated over the last quarterServices growth slows; factories and construction contractExpert: Brexit uncertainty blights economyEarlier:It’s UK GDP day 11.56am GMTThe 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 GMTGeoff 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. Continue reading…
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