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

Follows 1.2% uptick in December

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

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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