The British economy has shrunk even more this year than previously thought, in grim news as the UK slides towards the 'worst recession of any developed country'
The Office for National Statistics said on Thursday that the UK's GDP shrank by 0.3% in the third quarter of the year, rather than 0.2% as original analysis of the figures showed.
And economists said that GDP also grew by less than previous estimates in the first half of the year.The ONS had originally said that the economy grew by 0.7% in the first quarter of 2022, and by 0.1% in the second quarter.The latest figures also show the impact of rocketing inflation on families, with household disposable income down by 0.5% in the quarter.
"Our revised figures show the economy performed slightly less well over the last year than we previously estimated," said Darren Morgan, director of economic statistics at the ONS.Inflation has also hit people's disposable income.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Triangle Of Sadness Star Charli Dean's Cause Of Death Confirmed By New York Medical ExaminerThe South African model and actor died suddenly in August at the age of 32.
Lire la suite »
MPs call for firearms rule change after Skye attackAn inquiry was launched after a series of firearms incidents in north west Scotland in August.
Lire la suite »
Man pleads not guilty to murder of Olivia Pratt-Korbel, 9, at her homeBREAKING: 34-year-old Thomas Cashman has pleaded not guilty to the murder of nine-year-old Olivia Pratt-Korbel.
Lire la suite »
US pastor robbed on livestream faces fraud and extortion chargesLamor Whitehead was robbed of more than $1m in jewellery during a livestreamed sermon in July.
Lire la suite »
Inside the transformation of Co Down couple's beautiful self build homeMegan and David moved into their one and a half storey house in August 2021
Lire la suite »
Liz Hurley stranded for 20 hours due to British Airways delays with 'no food'Elizabeth Hurley is among the thousands experiencing massive delays thanks to a ‘technical issue’ with British Airways.
Lire la suite »