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UK economy grows after hit from Queen Elizabeth's funeral in September

UK Economy: A Reuters poll of economists had pointed to a 0.4% bounce-back in October after September's 0.6% contraction.

Updated on: Dec 12, 2022 12:44 PM IST
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Britain's economy grew by 0.5% in October from September when output was affected by a one-off public holiday to mark the funeral of Queen Elizabeth, official data showed on Monday.

UK Economy: A customer looks at a clothing stall at Petticoat Lane Market in London, UK. (Bloomberg)
UK Economy: A customer looks at a clothing stall at Petticoat Lane Market in London, UK. (Bloomberg)

A Reuters poll of economists had pointed to a 0.4% bounce-back in October after September's 0.6% contraction.

Read more: Russian envoy's bizarre claim: British royal family told to stay away from…

The Bank of England said last month that Britain's economy was probably already in a recession that could last until the end of 2023. (Reporting by William Schomberg)

 
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