Reported 1 day ago
The UK economy experienced a contraction for the second consecutive month in October, with a 0.1% decrease following a previous decline. This downturn raises concerns for the Labour government's commitment to stimulate growth shortly after taking power, as the economy has only seen growth in one of the four months under their regime. Consumer-facing sectors, particularly pubs and restaurants, suffered significant declines, indicating households are bracing for a challenging budget ahead.
Source: YAHOO