UK economy shrinks for second month, contracting 0.1% in October

The U.K. economy unexpectedly contracted by 0.1% in October due to a decline in production output, marking the second consecutive downturn following a 0.1% decline in September. The Finance Minister defended the government’s economic strategies, including a budget that raised taxes by £40 billion and implemented policies that have faced criticism, such as a national insurance payroll tax hike impacting job openings.

Full Article