UK exports to US hit lowest level since January 2022 as tariffs bite, and economy shrinks – as it happened

New economic data shows fall in UK exports to the US, as Britain's economy shrinks slightly in September

Chancellor Rachel Reeves is harking back to the happier days of stronger growth in the first two quarters of this year.

Responding to this morning's GDP figures, Reeves says:

We had the fastest-growing economy in the G7 in the first half of the year, but there's more to do to build an economy that works for working people.

At my Budget later this month, I will take the fair decisions to build a strong economy that helps us to continue to cut waiting lists, cut the national debt and cut the cost of living."