Britain's economy flat-lined in third quarter, in new setback for Labour government [Globe and Mail, The (Toronto, Canada)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: Globe and Mail, The
Keir Starmer's new government, official figures showed on Monday, adding to signs of a slowdown that has cast a shadow over his time in office so far. The Office for National Statistics lowered its estimate for the change in gross domestic product output to 0.0 per cent in the July-to-September period from a previous estimate of 0.1 per cent growth. The ONS also cut its estimate for growth in the second quarter to 0.4 per cent from a previous 0.5 per cent. Starmer and his finance minister Rachel Reeves took power in early July, warning of the poor state of the economy before announcing tax increases for businesses in a budget on Oct. 30 that has alarmed many employers. Analysts, many of whom said the grim tone of the new government risked slowing the economy, said the numbers suggested zero growth over the entire second half of the year. The Bank of England last week forecast that the economy would not grow in the fourth quarter. But it kept borrowing costs on hold because o
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LYG
Sec Filings
- 12/31/24 - Form 6-K
- 12/20/24 - Form 6-K
- 12/19/24 - Form 6-K
- LYG's page on the SEC website