Sharp slowdown in UK growth lends Sunak’s plan a hollow ring
by Phillip Inman from Economics | The Guardian on (#5RSF3)
Analysis: The fact that figures for Q3 compare unfavourably with other large economies must worry the chancellor
Growth is up, said Rishi Sunak in his budget speech last month, but the figures for the third-quarter show this claim is no longer true.
The rise in national income, or GDP, of 1.3% in the three months to September was down from 5.5% in the previous quarter. It meant the recovery from the worst slump in 300 years slowed over the summer and in a troubling development, is now on a much lower trajectory.
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