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UK Economic Growth Stalls Amid Budget Uncertainty and High Interest Rates

2 hours ago

UK Economic Growth Stalls Amid Budget Uncertainty and High Interest Rates
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7 Highlights

  • UK GDP grows by 0.1% in the third quarter, slow due to budget concerns.
  • Chancellor Rachel Reeves seeks reforms to boost UK's economic growth.
    • UK lags behind US, France, Germany in G7 economic rankings.
    • High interest rates and budget issues limit consumer spending.
    • Businesses slow decisions amid economic uncertainties.
    • Exports drop for third period; imports also fall.
    • Retail sees growth with a rise in car sales reported.
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