[Economics] UK economy had zero growth between July and September

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The UK economy had zero growth between July and September, revised official figures show.

The revised data comes after a series of disappointing figures including inflation rising at its fastest pace for eight months and the economy unexpectedly shrinking in October. 

One of the UK's leading business groups, the CBI, said its latest company survey suggested "the economy is headed for the worst of all worlds".

Chancellor Rachel Reeves said the challenge to fix the economy "after 15 years of neglect is huge", while shadow chancellor Mel Stride said Monday's figures showed "growth has tanked on Labour's watch".

The revised figure will be a blow to the government which has made boosting the economy its top priority.

Labour has promised to deliver the highest sustained economic growth in the G7 group of the world's richest nations.

Businesses have already warned that measures announced in October's Budget including a rise in employer national insurance contributions (NICs) and a higher minimum wage could push them into cutting jobs and raising prices.

These Budget changes come into effect in April. But Stride said the latest figures from the three months before the October Budget signal "the warning lights are flashing" on how the economy will fare into 2025.

Reeves said Labour's Budget would "deliver sustainable long-term growth, putting more money in people's pockets through increased investment and relentless reform."

Liberal Democrat treasury spokesperson, Daisy Cooper called on the government to reverse the national insurance tax hike on small businesses and scrap the business rates system.

https://www.bbc.com/news/articles/c78631e4gygo