The UK economy was weaker than initially estimated between July and September, revised official figures show. The economy had zero growth in the three months, revised down from an earlier estimate of 0.1%. Chancellor Rachel Reeves said the challenge to fix the economy “after 15 years of neglect is huge” and October’s Budget would “deliver sustainable long-term growth, putting more money in people’s pockets”. But 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”.
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