UK economy returns to growth as GDP rises 0.5% in October

Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recession

Business live: full coverage of the UK GDP figures

Britain’s economy returned to growth in October despite concerns over a lengthy recession, as activity bounced back from the impact of the additional bank holiday for the state funeral of Queen Elizabeth II.

The Office for National Statistics said gross domestic product (GDP) rose by 0.5% on the month, after a decline of 0.6% in September when many businesses closed their doors during the national mourning period.

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​Growth figure shrank 0.3% in a quarter, reflecting concerns over lengthy recessionBusiness live: full coverage of the UK GDP figuresBritain’s economy returned to growth in October despite concerns over a lengthy recession, as activity bounced back from the impact of the additional bank holiday for the state funeral of Queen Elizabeth II.The Office for National Statistics said gross domestic product (GDP) rose by 0.5% on the month, after a decline of 0.6% in September when many businesses closed their doors during the national mourning period. Continue reading…