UK economy shrinks pointing to start of recession

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7 minutes ago

The UK appears to beryllium heading into recession aft the latest authoritative figures showed the system shrank betwixt July and September.

The system contracted by 0.2% betwixt July and September arsenic soaring prices deed businesses and households.

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

The Bank of England said the recession volition beryllium the longest connected record.

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