Jeremy Hunt warns of ‘tough road ahead’ as UK economy shrinks
by Richard Partington Economics correspondent from Economics | The Guardian on (#65Q0T)
GDP fall of 0.2% for three months to September gives bleak picture in run-up to autumn statement
Jeremy Hunt has warned of a tough road ahead" after Britain's economy shrank in the three months to September, in what is expected to be the beginning of a lengthy recession.
In its first estimate of growth in the third quarter, the Office for National Statistics (ONS) presented a bleak picture of the economy before next week's autumn statement from the chancellor.
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