Revised figures show that the British economy performed worse in the last six months than previously expected.

According to The Iran Project,Revised data shows that the British economy shrank 0.1% on quarter in the three months to September 2023, following stagnation in the previous quarter, according to the Office for National Statistics. 

Previously it was estimated that British GDP plateaued following minor growth in the second quarter. 

The new figures suggest that the British economy risks heading into a technical recession (when the economy contracts for two consecutive quarters).