The UK’s economic slowdown gathered further momentum during the third quarter of the year with growth of just 0.1%, according to an early official estimate.
The Office for National Statistics (ONS) reported a surprise contraction during September.
The figures for July-September followed on the back of an unrevised 0.3% growth figure for the previous three months and the 0.7% expansion achieved between January and March.
The encouraging start to 2025 was soon followed by the worst of Donald Trump’s trade war salvoes and the implementation of budget measures that placed employers on the hook for £25bn of extra taxes.
Each has been blamed by economists since for pushing up inflation and harming investment and employment.
This breaking news story is being updated and more details will be published shortly.
Please refresh the page for the latest version.
You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow us on WhatsApp and subscribe to our YouTube channel to keep up with the latest news.
