There's zero interest in zero UK growth. How things have changed

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A flatlining economy would normally be big news but the torpor fits neatly into both Labour and tory narratives

It’s as if somebody has hit the pause button on the economy. After going backwards in August and September, the UK failed to register any increase in activity in October either. The economy has flatlined since the summer and over the course of 2019 will have averaged around 0.2% growth per quarter.

Unlike in the spring, there was no artificial boost to activity caused by businesses stocking up on goods ahead of the end of October deadline for leaving the European Union, which meant the October GDP estimate was even worse than the 0.1% the City had been expecting. Any modest build-up in inventories was negated by the bleakest month for the construction sector in more than two years. Even higher energy output in response to the cold snap in October failed to turn growth positive.

Related: UK economy flatlines in run-up to general election

Related: Ted Baker bosses quit as it warns over profits plunge

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view The Guardian: Economics
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