The UK economy's growth of 0.1% from July to September falls short of expectations, indicating a subdued activity level across most industries during this period.
Chancellor Rachel Reeves expressed dissatisfaction with the latest growth figures as they reflect the ongoing struggles of the UK economy under the new government.
Economists pointed out that uncertainty surrounding the budget measures created a slowdown in decision-making among businesses, significantly impacting growth in September.
Ben Jones from the CBI highlighted that recent tax rises in the Budget have led to a more cautious stance on pay, hiring, and investment among firms.
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