UK economy shrinks unexpectedly for second month in a row

Quick Summary:

The economy had been expected to return to growth but it contracted by 0.1%.

Last week, he set out additional "milestones" to allow people to measure the government's progress.

Firms were "spooked" by Budget and are rethinking hiring, says recruitment firm boss.

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Article Details

Category: Business

Markets: United KingdomIndia

Topics: Confidence Activity Economy Economic People October Growth Consumer Budget

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 11:07:03 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 811 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 24479429

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 8 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 8 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

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