UK economy has failed to grow since election in fresh blow for Labour

The UK economy under the new Labour government experienced stagnant growth in the third quarter, with the Office for National Statistics revising down the initial estimate of 0.1% to 0.0%. This was weaker than expected compared to the final quarter of the previous Conservative government, with no growth recorded in disposable household income. Sir Keir Starmer’s Labour government faces pressure as promises to raise living standards are challenged by the lack of growth in real GDP per head and no growth in the services sector, despite a slight increase in construction.

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