GDP growth figures were recorded ahead of the government’s October Budget. The City of London financial district can be seen as people walk along the south side of the River Thames, in London, on March 19, 2021. The City of London financial district can be seen as people walk along the south side of the River Thames, in London, on March 19, 2021. Henry Nicholls/Reuters The UK economy flatlined in the third quarter of the year, while expectations for growth among businesses have reached their weakest point in two years....

Britain’s economy showed no growth in the first three months of the new Labour Government, revised figures indicate. Growth from July to September was revised down from 0.1 per cent to zero by the Office for National Statistics (ONS), pushing Britain to the brink of a recession. In the second quarter of the year – April to June – growth was also downgraded, from 0.5 per cent to 0.4 per cent. With the economy at risk of contracting in the final three months of 2024, according to the Bank of...

The UK economy didn’t grow at all in the three months after the general election, official figures confirmed. In a setback for Labour, the Office for National Statistics said the economy flatlined between July and September. It previously estimated feeble growth of 0.1%. Chancellor Rachel Reeves blamed the Tories, saying: “The challenge we face to fix our economy and properly fund our public finances after 15 years of neglect is huge. But this is only fuelling our fire to deliver for working people.” The government will be keenly watching how...

The UK economy had zero growth between July and September, stagnating in the time since Sir Keir Starmer’s leftist Labour government took office. The BBC reports the revised data comes after a series of disappointing figures including inflation rising at its fastest pace for eight months, and the economy unexpectedly shrinking in October. One of the UK’s leading business groups, the CBI said its latest company survey suggested “the economy is headed for the worst of all worlds” with some economists already predicting Britain’s economy is on the brink of...

Britain is on the brink of a recession after a revision to official figures showed the economy stagnated in the third quarter of the year. Growth from July to September was revised down from 0.1pc to zero, new figures from the Office for National Statistics (ONS) showed. Living standards also fell. The UK and Italy were the only G7 countries to register no growth during that time, performing worse than rivals Germany, France and the US. With the economy at risk of contracting in the final three months of 2024,...

UK gross domestic product showed no growth between July and September (Victoria Jones/PA) Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square Mile I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The UK economy flatlined in the third quarter of the year, according to revised official figures. The Office for National Statistics said that UK gross domestic product (GDP) showed no growth between July and September, in the run up to the Autumn budget....

UK economy failed to grow between July and September The UK economy failed to grow between July and September, revised official figures show. Initial estimates suggested the economy had grown by just 0.1% between July and September - and shrank during September itself. Uncertainty about the Budget had been blamed for such slow growth. In September, the Bank of England's chief economist had warned the new government's gloomy language had generated fear and uncertainty among consumers, businesses and investors. But Prime Minister Sir Keir Starmer had denied ministers had talked...

The UK economy showed no growth in the last quarter, according to the revised figures from the Office for National Statistics (ONS). The previous estimate for July and September said the economy grew by 0.1%. Early estimates show that real GDP per head fell by 0.2% in the third quarter of 2024, and is 0.2% lower compared with the same quarter a year ago. The UK and Italy had the lowest growth in the G7 in the third quarter, both flatlining. The slight growth initially recorded last month was already...