UK economy grew by just 0.1% in third quarter amid hit from JLR cyber-attack | Economic growth (GDP)

The UK economy expanded by 0.1% in the quarter from July to September, despite a hit to manufacturing in the final month from a crippling cyber-attack on Jaguar Land Rover.

The latest official figures, issued as Rachel Reeves prepares for a crunch budget on 26 November, show GDP fell by 0.1% in September as car production was dragged down to a 73-year low by the fallout from the hack.

Markets had forecast a 0.2% expansion in the third quarter – down from 0.3% in the previous three months – and flatlining growth in September.

The Office for National Statistics data follows news that unemployment has risen to 5%, the highest rate for four years.

The chancellor is widely expected to raise taxes in her second budget later this month, to offset a forecast downgrade from the independent Office for Budget Responsibility.

Reeves said in a recent speech: “Each of us must do our bit for the security of our country and the brightness of its future.”

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