UK economy sees slower than expected growth

GDP rose 0.1% compared to the previous three month period, below the 0.2% gain forecast by economists

UK Chancellor of the Exchequer Rachel Reeves said she was 'not satisfied' with the latest economic figures. 

The UK economy cooled by more than expected in the third quarter after a surprise contraction in September as anxiety built over the new Labour government’s fiscal plans.

Gross domestic product rose 0.1% compared to the previous three month period, below the 0.2% gain forecast by economists, data from the Office for National Statistics (ONS) showed on Friday. The economy shrank 0.1% in September alone, much worse than the 0.2% growth expected.