UK growth slowdown intensifies interest rate 'dilemma'

Economy still ‘vulnerable’ to Covid shocks

clock • 5 min read
High street footfall yet to recover to pre-pandemic levels
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High street footfall yet to recover to pre-pandemic levels

A sharper than expected slowdown to UK growth in October has shown how the economy is “vulnerable” to Covid shocks, while intensifying the Bank of England’s interest rate “dilemma”, it has been warned.

The economy grew by just 0.1% in October, according to figures published on Friday (10 December) by the Office for National Statistics, which highlighted a fall in construction and supply chain issues....

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