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UK economy unexpectedly shrinks by 0.1% ahead of budget, data shows
Monthly GDP fell 0.1% in October due to pre-Budget uncertainty and a cyberattack that disrupted Jaguar Land Rover, with services and construction sectors also weakening, ONS data shows.
- On December 12, 2025 the Office for National Statistics said UK gross domestic product fell 0.1% in October, matching a 0.1% decline in September for a second consecutive contraction.
- Pre-Budget uncertainty and speculation kept manufacturers and households in wait-and-see mode, curtailing spending and investment, while Jaguar Land Rover's cyber-attack forced a partial production halt last month.
- Sector-Level figures reveal services sector output fell 0.3% and construction sector dropped 0.6%, while production output rose 1.1%, but car production remained 21.8% below August.
- Markets priced a quarter-point BoE rate cut next week as sterling fell back after the figures and the FTSE 100 lost ground on Friday.
- The economy has not grown since June, and the Confederation of British Industry raised its forecast to 1.3% for next year, with Louise Hellem saying it’s `cautious optimism`.
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57 Articles
57 Articles
Coverage Details
Total News Sources57
Leaning Left7Leaning Right4Center10Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 33%
C 48%
R 19%
Factuality
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