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Chancellor ‘determined to turn around’ economy amid surprise fall in GDP

Figures revealed a surprise contraction in the economy in January, in a blow to Rachel Reeves ahead of her spring statement.



UK's GDP unexpectedly fell by 0.1% in January, driven by a manufacturing decline, despite 0.4% growth in December. Chancellor Reeves vows to improve the economy and points to planned reforms and increased spending. The ONS reports 0.2% growth in the three months to January, driven by the services sector.

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