Britain's economy recorded zero growth between July and September, having stagnated since Sir Keir Starmer's left-wing Labor government took office.
BBC report The revised data came after a series of disappointing figures, with inflation rising at its fastest pace in eight months and the economy contracting unexpectedly in October.
The CBI, one of Britain's leading business groups, said its latest business research suggested “the economy is on track for the worst in the world”, something some economists have already said. . predict The UK economy is on the brink of recession.
The Office for National Statistics (ONS) has revised its previous forecast for economic growth of 0.1% in July and September.
Real GDP per capita fell by 0.2% in the third quarter of 2024 compared to the same period last year, according to ONS estimates.
The UK and Italy had the lowest growth rates in the G7 in the third quarter, with both slowing over the period.
Bars and restaurants, law firms and advertising “didn't fare very well”, Liz McCune, director of economics and statistics, told SKY News on Monday. report.
“Household savings rates have declined slightly in the recent period, but remain relatively high by historical standards,” he added.
“On the other hand, real per capita disposable household income did not show any growth.''
