‘Tough Road Ahead’ for UK Economy Despite October Rebound, Chancellor Warns

Chancellor of the Exchequer Jeremy Hunt, leaves Downing Street following the first Cabinet meeting with Rishi Sunak as prime minister, in London on Oct. 26, 2022. Victoria Jones/PA

The UK economy still faces a “tough road ahead” despite a rebound in growth in October, Chancellor of the Exchequer Jeremy Hunt has warned.

According to the latest data from the Office of National Statistics (ONS), monthly real GDP is estimated to have grown by 0.5 percent in October, following a fall of 0.6 percent in September.