Jeremy Hunt says his autumn budget statement later this month will focus on kick-starting sluggish performance, but Labour argues the latest figures highlight government failure and that 'working people are worse off'.
The UK economy has flatlined but has avoided a recession this year as the chancellor warned high inflation remained the main obstacle to growth. Fresh data from the Office for National Statistics shows that gross domestic product - which measures the value of goods and services produced - rose by 0.2% over the month, amid a boost from the film production , health and education industries although growth in August was revised down to 0.1% from 0.2%.
' The Bank of England said last week it expected zero growth in the economy next year but kept interest rates at a 15-year high as it continued to battle an inflation rate more than three times its 2% target. The central bank had forecast a flat reading for growth in the third quarter.
UK Economy Recession Inflation Growth GDP Office For National Statistics Film Production Health Education
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