GDP fell by 0.3% in October as Bank of England prepares to keep interest rates on hold
Britain’s economy unexpectedly shrank by 0.3% in October as households and businesses came under growing pressure amid the cost of living crisis.
The Office for National Statistics said that gross domestic product (GDP) fell on the month, after growth of 0.2% in September, with contractions across all main sectors of the economy. City economists had forecast zero growth.
Continue reading…GDP fell by 0.3% in October as Bank of England prepares to keep interest rates on holdBritain’s economy unexpectedly shrank by 0.3% in October as households and businesses came under growing pressure amid the cost of living crisis.The Office for National Statistics said that gross domestic product (GDP) fell on the month, after growth of 0.2% in September, with contractions across all main sectors of the economy. City economists had forecast zero growth. Continue reading…
