Firms blame Budget uncertainty as economy slows sharply in third quarter
The UK grew at a slower pace than expected in the third quarter, according to new figures, with business groups pointing to the impact of uncertainty ahead of last month’s Budget.
New figures from the Office for National Statistics (ONS) showed that the economy grew 0.1 per cent in the third quarter, after contracting 0.1 per cent in September.
Economists had expected both the quarterly and monthly figures to show a 0.2 per cent expansion.