Britain’s economy has slid into stagnation as official figures show the economy flatlined in the third quarter.
Gross domestic product (GDP) was static in the three months to September, according to the Office for National Statistics.
The consensus among economists had been that the economy would shrink by 0.1pc.
The economy’s performance in the third quarter was worse than predictions by the Office for Budget Responsibility (OBR), which had expected the economy to grow, although it was in line with forecasts by the Bank of England.
Gross domestic product (GDP) expanded by 0.2pc in the second quarter of this year, following an expansion of 0.3pc in the previous quarter.
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