UK GDP data slowed sharply to 1.3% for the third quarter of the year, far weaker than Q2 figures of 5.5%, driven by material and labour shortages in manufacturing and construction.
Despite the slowdown for the third quarter overall, the economy grew 0.6% in September after shrinking in July, ONS data has shown. The latest data leaves the UK more than 2.1% below its pre-crisis levels in the final three months of 2019. Dan Boardman-Weston, CIO at BRI Wealth Management, said: "The weakness compared to Q2 is less relevant given the country was rebounding after lockdown and so the figures were really quite strong then. The overall picture is quite cautious given lingering uncertainties over a winter Covid resurgence, high levels of inflation and supply chain disrupti...
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