The UK’s economic recovery lost its buzz even before Omicron appeared
Revised data suggests output was already weakening before the arrival of the latest Covid variant, writes Anna Isaac
The UK economy did not motor as quickly as first thought in the three months to September, according to new data. The figures will raise questions about how robust the pre-Omicron recovery was, particularly as a wave of infections and self-isolation again grips the country.
Growth has been trimmed from 1.3 per cent to 1.1 per cent in the three months to September, and the Office for National Statistics (ONS) notes that a key reason the UK’s weak performance in international trade compared to its peers.
Despite politicians highlighting the benefits of a new, post-Brexit independent trade policy, the data so far suggests that the UK has struggled to reap the benefits of the global uptick in trade volumes as major economies began to recover from the pandemic’s toll.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments