Rolling coverage of the latest economic and financial news, as UK economy grows slower than expected in Q3 despite a September rebound
- Latest: UK recovery from pandemic lagging G7, economists say
- Newsflash: UK recovery slowed to 1.3% in Q3
- Service sector led recovery, but manufacturing struggles
- UK faces hard winter amid supply chain problems
- Pound hits 11-month low
- Economy grew 0.6% in September after shrinking in July
- Introduction: UK economy in spotlight
Chancellor of the Exchequer, Rishi Sunak, has warned there are ‘still challenges to overcome’, as the economic recovery from the pandemic continues.
“The economy continues to recover from Covid and thanks to schemes like furlough, the unemployment rate has fallen for eight months in a row and we’re forecast to have the fastest growth in the G7 this year.
“As the world reopens we know that there are still challenges to overcome.