Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession
Business live: full coverage of the UK GDP figures
Britain’s economy returned to growth in October as activity bounced back from the impact of the additional bank holiday for the Queen’s funeral, however a long recession is still expected.
The Office for National Statistics said gross domestic product (GDP) rose by 0.5% on the month, after a decline of 0.6% in September when many businesses closed their doors during the national mourning period.
Continue reading…Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recessionBusiness live: full coverage of the UK GDP figuresBritain’s economy returned to growth in October as activity bounced back from the impact of the additional bank holiday for the Queen’s funeral, however a long recession is still expected.The Office for National Statistics said gross domestic product (GDP) rose by 0.5% on the month, after a decline of 0.6% in September when many businesses closed their doors during the national mourning period. Continue reading…