UK economy stagnant in third quarter in fresh setback
- Posted on December 23, 2024
- By Business News Today
- 3 Views
UK economy stagnant in third quarter in fresh setback
Britain's economy stagnated in the third quarter, showing zero growth, revised down from an initial 0.1% estimate. This slowdown, preceding the Labour government's October budget, is attributed to higher interest rates, weaker overseas demand, and concerns over the budget's tax rises and increased borrowing plans.
