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The economy has been slowing since the summer – but did the budget nudge it into reverse?

The UK economy contracted by 0.1% in October, according to official figures, representing more bad news for Chancellor Rachel Reeves.

The surprise fall in gross domestic product (GDP) comes after a similar unexpected 0.1% drop in September and 0% growth in August.

Sky’s Paul Kelso examines the main reasons the economy shrunk again, including delays, leaks and uncertainty around the chancellor’s November budget.

Read more: https://trib.al/KYVRZSB

#Economy #Money #UK

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