Tories accused of ‘losing control of the economy’ as figures show worst growth in G7

Revised figures show the UK is slipping even further from its pre-pandemic level

The Conservatives have been accused of “losing control of the economy” as figures show GDP shrinking faster than previously thought.

The Office for National Statistics on Thursday published revised figures for the three months to September showing economic activity contracting by 0.3 per cent, compared with a previous estimate of 0.2 per cent.

The slowdown also extended to the first half of the year with previous growth estimates revised down in the new numbers.