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UK economy unexpectedly contracts by 0.1% in October

Growth has slowed throughout the year

The UK economy shrunk by 0.1 per cent in October in a worse than expected performance, underscoring the challenges facing the country’s Labour government as it seeks to reinvigorate growth.

The figures published on Friday compared with the 0.1 per cent expansion forecast by economists polled by Reuters. 

The Office for National Statistics data also follows a 0.1 per cent contraction in September, when a cyber attack triggered a shutdown at Jaguar Land Rover. 

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