Britain’s GDP grows 0.5 percent in October



Britain’s economy grew 0.5 percent in October, official data showed on Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II’s funeral.

Gross domestic product fell 0.6 percent in September after businesses closed for the royal funeral, and Britain’s economy shrank by 0.2 percent in the third quarter, according to the Office for National Statistics (ONS).

Darren Morgan, ONS director of economic statistics, said the economy was helped especially by car sales which “rebounded after a very poor September, while the health sector also saw a strong month”.—AFP