UK economy struggles as GDP declines and interest rate cuts loom
UK economy struggles as GDP declines and interest rate cuts loom
- The British economy has been slowing since the summer of 2025, with GDP contracting by 0.1% in October.
- This downturn is linked to uncertainty surrounding Rachel Reeves's budget plans and disruptions in various sectors.
- The Bank of England is expected to cut interest rates in response to the stagnant economy, but there are concerns about future growth.
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