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UK economy shrinks for second month
Financial Express Lucknow
|December 14, 2024
BRITAIN'S ECONOMY SHRANK for a second month in a row in October in the run-up to the government's first budget, the first back-to-back falls in output since the onset of the COVID-19 pandemic, and a setback for new finance minister Rachel Reeves.
Gross domestic product contracted by 0.1% month-on-month in October, as it did in September, the Office for National Statistics said.
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