Commenting on the latest ONS GDP data Barret Kupelian, Chief Economist at PwC, says:
“September’s GDP figures show the economy has slipped into “wait-and-see” mode ahead of the Autumn Budget, with growth over the past three months slowing to just 0.1%, according to the ONS. That’s consistent with the recent news of a cooling labour market and business investment that remains broadly flat on last year.
“An economy that pauses too long risks losing its rhythm. The onus now rests with the Chancellor to deliver a credible, pro-growth Budget that meets fiscal rules, creates certainty for the future and gets the UK back in step.”
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