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Britain's third quarter economic slowdown confirmed

BRITAIN’S economy grew by an unrevised 0.1 per cent between July and September, while growth in the previous quarter was weaker than first estimated, according to official figures.

The Office for National Statistics confirmed today that growth slowed in the third quarter after a cyber attack at Jaguar Land Rover hit manufacturing output.

But the ONS also revised down growth in the three months to June, with gross domestic product expanding by 0.2 per cent rather than the 0.3 per cent previously reported.

Growth for the final quarter of last year was revised up to 0.3 per cent, though overall growth for 2024 remained unchanged at 1.1 per cent.

ONS director of economic statistics Liz McKeown said the figures “paint the same picture as our initial estimate,” with slowing growth driven by a sharp fall in car manufacturing.

The Bank of England said last week that it expects Britain’s economic growth to flatline later this year after cutting interest rates.

ONS data also showed GDP per person stagnated, while falling household income and higher taxes pushed down savings.

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