ITV star halted Monday’s instalment of the hit ITV show to announce ‘breaking news’ from the Office for National Statistics.
Kate Garraway has dramatically halted ITV Good Morning Britain to deliver “breaking news” to those watching at home. The ITV star halted Monday’s instalment of the hit ITV show to announce ‘breaking news’ from the Office for National Statistics.
Kate and her co-star Ed Balls, the former Labour Party MP and BBC Strictly Come Dancing contestant, spoke to Political Correspondent, Louisa James, who announced that GDP has been downgraded to zero on Monday (December 23).
Louisa said: “These figures that have come out just in the last couple of minutes which show that in the months from July to September, the economy actually flatlined, growth was zero, it had been predicted to be 0.1%, so a small difference but a significant one!”
The Office for National Statistics (ONS) had previously estimated the figure to stand at 0.1 per cent, but has revised this down to 0.0. This is weaker than what was expected in the final quarter of the Conservatives’ tenure, data shows. The UK economy recorded no growth in the third quarter, revised down from an initial estimate of 0.1%, the Office for National Statistics said.
According to data also published in the ONS’s latest GDP quarterly national accounts report, early estimates of disposable household income show no growth in Q3 – the three months after Labour came into power. The figures comes after 1.4 per cent of growth in the previous quarter.
ONS director of economic statistics Liz McKeown explains: “The economy was weaker in the 2nd and 3rd quarters of this year than our initial estimates suggested with bars and restaurants, legal firms and advertising, in particular, performing less well. The household saving ratio fell a little in the latest period, though remains relatively high by historic standards. Meanwhile real household disposable income per head showed no growth.”