“Nation In Stagnation.” The UK Economy Had Its Worst Quarter In A Year As Property Values Decline
Britain’s GDP shrank in the third quarter, marking the worst showing in a year, as the weight of high interest rates caused the real estate sector to contract. As the majority of the UK economy is composed of the services sector, the Office for National Statistics (ONS) said on Friday that the 0.1% decline in … [Read more…]