UK economy shrinks between August and October

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The UK system shrank betwixt July and September arsenic the state heads into an expected recession.

The system contracted by 0.3% during the 3 months arsenic soaring prices deed businesses and households.

A state is successful recession erstwhile its system shrinks for 2 three-month periods successful a row. The UK is expected to beryllium successful 1 by the extremity of the year.

In October alone, maturation jumped compared to September erstwhile the system was deed by an further slope vacation for Queen Elizabeth's authorities funeral.

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