“Just Ridiculous… Flatlining!” UK Economy Contracts In January
Britain’s economy shrunk in January amid a sharp fall in the manufacturing sector, according to official figures.
The Office for National Statistics (ONS) said the economy contracted 0.1% during the month, behind expert predictions and down from a 0.4% rise in December.
Most economists had forecast gross domestic product (GDP) to rise by 0.1% in the first month of the year.
For the three months to January, GDP was estimated to have grown by 0.2%, driven by growth in the services sector, the ONS said.
Talk’s Mike Graham discusses the story with The Spectator’s deputy political editor James Heale.
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Credit to : TalkTV