UK economy grew less than first thought GDP figures show – what it means for you


THE UK economy stagnated more than first thought in the third quarter of this year, the latest data reveals.

The Office for National Statistics (ONS) said GDP showed no growth between July and September, revised down from an estimated 0.1% rise previously.

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The UK economy stagnated in the third quarter of this yearCredit: Getty

It means the UK economy has either shown no growth or shrunk since July this year in a blow for the government.

The latest monthly GDP (Gross Domestic Product) data revealed the UK economy unexpectedly shrunk in October by 0.1%.

The ONS said there was no growth in the services sector between July and September while a 0.7% increase in the construction sector was offset by a 0.4% fall in production.



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