UK GDP Dip: Policy Challenges Ahead

UK's GDP shrank unexpectedly by 0.1% in October, which British finance minister Rachel Reeves described as disappointing. Despite the figures, Reeves emphasized the government's commitment to implementing policies aimed at boosting long-term economic growth.

British finance minister Rachel Reeves expressed disappointment over the latest GDP figures showing an unexpected economic contraction of 0.1% in October.

In a statement issued on Friday, Reeves called the shrinking GDP figures 'disappointing'.

She reassured that the government is dedicated to enacting policies designed to foster long-term growth, aiming to reverse the downward trend.

(With inputs from agencies.)