Jeremy Hunt has warned of a “tough road ahead” after Britain’s financial system shrank within the three months to September, in what is predicted to be the start of a prolonged recession.
In its first estimate of development within the third quarter, the Workplace for Nationwide Statistics (ONS) offered a bleak image of the financial system earlier than subsequent week’s autumn assertion from the chancellor.
Gross home product fell by 0.2% within the third quarter as households and companies struggled with hovering inflation,…
