That was actually less bad than expected, but economists still fear it could mark the start of a long recession.
The figures mean that Britain's GDP is even further below its pre-health crisis size - making it the only G7 economy yet to recover.
She sent sterling, stocks and bonds into a skid with tax and borrowing plans that were soon dropped.
Retailers forced to discount winter wear as mild weather continues
Yesterday, luxury British designer Joules blamed the mild autumnal weather for a slump in sales of coats and wellies.
And figures from the British Retail Consortium (BRC) released this morning [Tuesday] showed that non-food retail sales decreased by 1.2% on a total basis and 1.8% on a like-for-like basis during October, compared to an average growth of 3.7% over the last 12 months.
Slashing spending and raising taxes would reduce further a shrinking economy. "UK economy shrinks by 0.2% in move… https://t.co/USRHIeqI1U Kevin_Maguire Fri Nov 11 08:58:44 +0000 2022
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