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The UK economy almost ground to a halt in October as the second wave of coronavirus hit the hospitality sector

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Summary List Placement

  • The UK economy expanded for a sixth month in October, but at a rate of just 0.4%, against a backdrop of rising coronavirus cases, according to figures outlined by the Office of National Statistics on Thursday.
  • The second wave nearly brought UK economic growth to a halt as accommodation and food services were impacted by restrictive measures in October.
  • Meanwhile, manufacturing output grew 1.7% on a monthly basis and is expected to rise further in the near-term. 
  • With Christmas celebrations likely to accelerate the spread of the virus, a return of service closures will apply to details ⇒

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