UK businesses react to shrinking economy

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UK businesses react to shrinking economy

Businesses have been reacting after it was revealed the economy remained in reverse gear during October, according to official figures.

The Office for National Statistics (ONS) said output fell 0.1% following the 0.1% decline recorded for the previous month.

Critics blame the government, accusing Sir Keir Starmer and his chancellor Rachel Reeves of a spectacular, early, own goal that has spooked the public and businesses alike.

Read more: https://news.sky.com/story/economy-in-shock-decline-during-october-13272524

#money #economy #skynews #uk #finance

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Date: December 13, 2024