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Sharp slowdown in UK growth lends Sunak’s plan a hollow ring
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Growth is up, said Rishi Sunak in his budget speech last month, but the figures for the third-quarter show this claim is no longer true.
The rise in national income, or GDP, of 1.3% in the three months to September was down from 5.5% in the previous quarter. It meant the recovery from the worst slump in 300 years slowed over the summer and in a troubling development, is now on a much lower trajectory.
It must worry the chancellor, less than a month on from his upbeat declarations in the budget,
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