UK economy unexpectedly shrinks in August

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The UK system unexpectedly shrank successful August, falling by 0.3%, authoritative information shows.

The astonishment driblet came aft the system grew 0.1% successful July, according to the Office for National Statistics.

Analysts had expected economical maturation to stagnate contempt expanding unit faced by businesses and households.

The Bank of England has warned the UK volition autumn into recession towards the extremity of the year.

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