 said that gross domestic product (GDP) had fallen by 0.6% in September, in part due to the Queen's funeral. It could be the beginning of a recession – which is defined as two quarters of shrinking GDP in a row. The Bank of England recently predicted the country was on the brink of the longest period of contraction on record. This is a breaking news story, more to follow soon… Check back shortly for further updates. Got a story? Get in touch with our news team by emailing us at webnews@metro.co.uk. Or you can submit your videos and pictures here. For more stories like this, check our news page. Follow Metro.co.uk on Twitter and Facebook for the latest news updates. You can now also get Metro.co.uk articles sent straight to your device. Sign up for our daily push alerts here.){kind=link}
NEWS… BUT NOT AS YOU KNOW IT
The UK economy shrunk by 0.2% between July and September in what is predicted to be the start of a long recession.
Bank of England forecasters set out their fears earlier this month that the country could be on the brink of the longest period of contraction on record.
Now data from the Office for National Statistics (ONS) has confirmed gross domestic product (GDP) declined in recent months, mainly fuelled by ‘widespread declines’ in Britain’s manufacturing industry.
With families looking to save money amid the cost of living crisis, ‘consumer-facing industries fared badly’, the ONS, said with a ‘notable fall’ in retail contributing to the slump.