The latest data shows that the UK economy fell by 0.3% across the three months to August
Sports events had a slower August after a strong July, with retail, hairdressers and hotels “all faring relatively poorly”, he added.
“That is why this Government acted quickly to put in place a comprehensive plan to protect families and businesses from soaring energy bills this winter. which forced the Bank of England to intervene with an emergency bond-buying operation to stem a collapse of pension funds following a market meltdown.
But David Bharier, head of research at the British Chambers of Commerce, warned the data showed that “the economy was already stalling” before Mr Kwarteng’s mini-Budget on 23 September, which sparked market chaos.
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