Gross domestic product fell 0.1 percent in October compared with September, when output declined by the same amount, the Office for National Statistics (ONS) said

Growth in 2025 is now seen at 1.6 percent, the Confederation of British Industry (CBI) said, down from a projection of 1.9 percent made in June

The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement

The October 30 budget was presented against the backdrop of certain predictions.

Reeves has already pledged to fund day-to-day spending with taxes but has been vague about her borrowing plans.

The Consumer Prices Index (CPI) reached 1.7 percent last month, well below the BoE's two-percent target, after hitting 2.2 percent in August, the Office for National Statistics (ONS) said in a statement

The Recruitment and Employment Confederation and KPMG said on Monday their measure of growth in starting pay for people hired to permanent roles hit its lowest since February 2021

Gross domestic product (GDP) was 0.5 percent in the April-June period, the Office for National Statistics said in a statement, while economists expected it to have remained at 0.6-percent expansion

British consumers have grown more gloomy over the past month following the new Labour government's removal of a welfare benefit for pensioners and warning of tax rises at next month's budget, a new survey from a trade body showed on Thursday

British finance minister Rachel Reeves on Monday will vow to "rebuild Britain" after 14 years of Conservative leadership, warning of "difficult decisions" in a speech at the Labour Party conference

Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible

Britain's annual inflation rate dropped to a near three-year low in April as energy prices cooled further, official data showed Wednesday, easing a cost-of-living crunch and stoking rate cut expectations

It is hard to ignore the growing consensus among economists that the combination of inflation and interest rate hikes alongside tempered Chinese demand and US economic uncertainty could be the perfect storm for a global recession.

World economic growth lost momentum in September, with China's factory output shrinking again, euro zone manufacturing growth slowing, and US activity steady.