UK economy contracts by 0.1% in October, following September's decline

The UK economy contracted by 0.1% in October, according to official figures released today. This decline in gross domestic product (GDP), which measures economic output, follows a similar unexpected drop of 0.1% in September and a stagnation with 0% growth in August.

This recent contraction marks a continuation of economic challenges faced by the UK, raising concerns among analysts and policymakers. The figures indicate a trend of declining economic performance over the past few months.

For further context on economic developments, recent developments in the economy highlight significant fluctuations in other sectors, such as the surge in silver prices.

The ongoing economic situation will likely prompt discussions on policy measures to address these declines.