Revealed: Economy shrank 0.1% in October amid budget leaks chaos
The latest Gross Domestic Product (GDP) figures, released on Friday morning, show that the economy unexpectedly contracted in the month leading up to Chancellor Rachel Reeves’ November budget.
That period saw a flurry of leaks over potential tax cuts being eyed up by the Chancellor.
Ms Reeves has admitted the leaks were "very damaging".
The GDP figure for October falls below the 0.1% growth that analysts had been expecting.
Time to run the figures through the Reeves-Starmer Adjusteramer™
2 comments:
"Unexpectedly"
I'm not sure who didn't expect this
And I'm not sure I remember leaks about potential tax cuts. Raises, yes, but not cuts
Bucko - yes, that looks like a mistake to me, leaks about tax rises were the big issue.
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