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flag UK economy shrinks for second straight month, signaling possible recession.

flag The UK economy unexpectedly shrank by 0.1% in October, following a similar decline in September, marking the first back-to-back contractions since the pandemic. flag The services sector, which makes up the largest part of the economy, showed no growth, while production and construction both fell. flag Chancellor Rachel Reeves acknowledged the figures as disappointing but defended the government's policies aimed at long-term growth. flag The data suggests the economy may be heading for a recession, with concerns about consumer spending ahead of the Christmas period.

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