UK economy failed to grow in third quarter

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Britain’s economy was even weaker than initially estimated in the third quarter, the latest blow to the Labor government.

GDP failed to grow in the three months to September, the Office for National Statistics said on Monday, below its first estimate of a 0.1 percent expansion.

The economy was held back by the dominant service sector, which failed to grow. The review is a setback for the government, which has put boosting economic growth at the heart of its agenda.

Business polls show weaker confidence and reduced hiring intentions after Rachel Reeves’ October tax hike budget.

This is a developing story