UK heads for long recession as economy shrinks by 0.2%

ONS figures for three months to September give bleak picture in run-up to chancellor’s autumn statement

Business live updates: Jeremy Hunt warns of ‘tough road ahead’

Britain’s economy shrank by 0.2% in the three months to September, in what is expected to be the beginning of a long recession.

In its first estimate of growth in the third quarter, the Office for National Statistics presented a bleak picture of the economy before next week’s autumn statement from the chancellor, Jeremy Hunt.

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​ONS figures for three months to September give bleak picture in run-up to chancellor’s autumn statementBusiness live updates: Jeremy Hunt warns of ‘tough road ahead’Britain’s economy shrank by 0.2% in the three months to September, in what is expected to be the beginning of a long recession.In its first estimate of growth in the third quarter, the Office for National Statistics presented a bleak picture of the economy before next week’s autumn statement from the chancellor, Jeremy Hunt. Continue reading…