The UK economic output stagnated in the third quarter as higher interest rates damped spending and investment, though the economy likely escaped a recession this year.
The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year.
The UK economy rebounded at a faster-than-expected pace in October with strong contribution from services activity, official data revealed on Monday. Monthly real gross domestic product expanded 0.