Rolling coverage of the latest economic and financial news, as UK GDP is unchanged in July-Setptember
The chancellor, Jeremy Hunt, has blamed high inflation for the UK’s lacklustre economic performance.
Following the news that GDP stagnated in July-September, Hunt says:
“High inflation is the single greatest barrier to economic growth.
The best way to sustainably grow our economy right now is stick to our plan and knock inflation on its head. The Autumn Statement will focus on how we get the economy growing healthily again by unlocking investment, getting people back into work and reforming our public services so we can deliver the growth our country needs.”
