The UK economy failed to grow in the third quarter


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The UK economy was weaker than initially predicted in the third quarter, in the latest blow to the Labor government.

GDP failed to grow in the three months to September, the Office for National Statistics said on Monday, below the initial estimate of an expansion of 0.1 percent.

The economy was held back by a dominant service sector, which failed to grow. The reforms are a setback for the government, which has put economic growth at the center of its agenda.

Business surveys point to weak confidence and reduced hiring intentions following Rachel Reeves' Budget tax hikes in October.

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