'A sobering first quarter' ahead: UK GDP falls 2.9% in January

Follows 1.2% uptick in December

Lauren Mason
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The services sector dealt the biggest blow to UK GDP
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The services sector dealt the biggest blow to UK GDP

The UK economy shrank by 2.9% in January this year after it was hit with a third national lockdown, according to data from the Office for National Statistics (ONS).

The fall, which comes one month after a 1.2% uptick in economic growth in December, was 9% below levels last seen before the first lockdown in February last year, and 4% below the initial recovery peak...

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