Reeves 'disappointed' by UK economy unexpectedly shrinking

The UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new figures show.

Chancellor Rachel Reeves said she was “disappointed” by the data after a weak month for pubs and restaurants dragged on growth amid some uncertainty ahead of the autumn Budget.

The Office for National Statistics said gross domestic product contracted 0.1% in October.

Report by Covellm.

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