UK Treasury chief says she's not satisfied by paltry third-quarter economic growth

Britain's Treasury chief Rachel Reeves said Friday that she is "not satisfied" by official figures showing the British economy's rebound from recession slowed down sharply in the third quarter of the year, with most sectors stagnating.

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The Office for National Statistics said growth during the July to September period was just 0.1%. That was lower than the 0.5% recorded in the previous three-month period and below market expectations for 0.2%.

The statistics agency said overall output in September actually shrank, a development that has further fueled accusations from critics of the new Labour government that its pessimism dragged the economy down in its first few weeks in office.