UK recession looms despite one-month economic rebound

Better than expected October GDP figure should not obscure risk of prolonged downturn

• UK economy returns to growth as GDP rises 0.5% in October

The economy is going to get worse before it gets better. That's Jeremy Hunt's assessment of the current state of the UK and few would quibble with the chancellor's judgment.

If ever there was a case of one swallow not making a summer, then the October growth report from the Office for National Statistics was surely it.