The Office for National Statistics( ONS) said the economy grew by 1.1 percent, rather than 1.3 percent, between July and September....
This marks a sharp pullback on growth in the second quarter, when UK output increased by 5.4 percent after the easing of Covid restrictions. Latest data pre-dates the rise of the Omicron variant, which is predicted to hit growth. Martin Beck, chief economic adviser to forecasters EY Item Club, has warned:" The outlook for the early part of 2022 remains uncertain
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2021-12-24 00:00:00.0