The Bank of England established the City of London on November 6, 2024 in London, England. The City of London is a city, ceremonial shire and local government area containing London’s main central business district (CBD). The City of London is widely known simply as “The City” and colloquially as “The Square Mile”. (Photo by Mike Kemp/Getty Images)
Mike Kemp | In Pictures | Getty Images
The UK economy unexpectedly contracted in October, data from the Office for National Statistics (ONS) showed.
The Office for National Statistics (ONS) expects GDP to fall by 0.1% explain Officials on Friday attributed the downturn to lower production.
This marks the country’s second consecutive recession after GDP fell by 0.1% September.
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