"UK GDP fell 0.1% month-on-month in September, below expectations for no growth and following a 0.1% rise in August, and GDP rose 0.1% in the three months to September. Services activity grew 0.2% month-on-month, whilst construction activity grew 0.2% month-on-month and production activity fell 2.0% month-on-month. Sir Mel Stride said on Thursday morning, Today's Office for National Statistics (ONS) figures show the economy shrank in the latest month, under a Prime Minister and Chancellor who are in office but not in power."
"Months after the Prime Minister stripped the Chancellor of responsibility for the Budget, Keir Starmer has now lost control of his own Downing Street operation - with his team openly at war with his Cabinet. If the Prime Minister does not have the backbone to control his team, he has no hope of reducing spending. Only the Conservatives have a leader with a backbone and a plan to deliver £47billion of savings -"
Official figures show UK GDP fell 0.1% month-on-month in September following a 0.1% rise in August, and rose 0.1% over the three months to September. Services activity increased 0.2% month-on-month and construction activity increased 0.2% month-on-month, while production activity contracted 2.0% month-on-month. The data indicate growth slowed in the third quarter with services and construction weaker than the previous period and a further contraction in production. Political commentary links the monthly contraction to weaknesses in leadership and spending control, with proposals to cut £47 billion to reduce the deficit and allow tax cuts.
Read at London Business News | Londonlovesbusiness.com
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