Sun. Sep 27th, 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:

12.12pm GMT

Here’s my colleague Phillip Inman on the UK’s stagnating economy:

Britain’s economy stalled in the three months to October following steep falls in the manufacturing and construction industries, according to the last official economic data before voters head to the polls on Thursday.

The Office for National Statistics said its monthly assessment found that a broad swathe of the UK’s industrial sectors struggled in the autumn months to leave GDP growth at zero.

Related: UK economy flatlines in run-up to general election

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.

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 12.12pm GMTHere’s my colleague Phillip Inman on the UK’s stagnating economy:Britain’s economy stalled in the three months to October following steep falls in the manufacturing and construction industries, according to the last official economic data before voters head to the polls on Thursday.The Office for National Statistics said its monthly assessment found that a broad swathe of the UK’s industrial sectors struggled in the autumn months to leave GDP growth at zero. Related: UK economy flatlines in run-up to general election 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. Continue reading…