UK only G7 member with economic output still lower than pre-pandemic level

ONS says UK economy contracted by 0.3% in three months to September leading to weaker recovery than expected

Britain’s recovery from the Covid-19 pandemic has been even weaker than originally believed and is the only member of the G7 group of leading industrial nations where output is still below its pre-crisis level.

The Office for National Statistics said the UK economy contracted by 0.3% in the three months ending in September – compared with an original estimate of a 0.2% decline – and also revised down growth in every quarter stretching back to the third quarter of 2021.

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