Europe Economy

UK economy grows 0.5% in Oct after hit from royal funeral in Sept

A British Union flag flies near Big Ben at the Palace of Westminster, in London, UK, on Monday, Oct. 24, 2022.
Jason Alden | Bloomberg | Getty Images

Britain's economy grew by 0.5% in October from September when output was affected by a one-off public holiday to mark the funeral of Queen Elizabeth, official data showed on Monday.

A Reuters poll of economists had pointed to a 0.4% bounce-back in October after September's 0.6% contraction.

The Bank of England said last month that Britain's economy was probably already in a recession that could last until the end of 2023.