Growth in the UK economy slowed to 0.1% in the July-to-September period, official figures show, as car production slumped.

U.K. economic growth slowed down to a near standstill in the third quarter of the year after a cyberattack halted production at the country's biggest automaker, official figures showed Thursday.The slowdown represents a blow to the British government less than two weeks ahead of a crucial budget that is expected to see taxes rise again.

Britain's economy barely expanded in the third quarter, held back by September's cyber attack on Jaguar Land Rover, according to data on Thursday that underlined the backdrop of slow growth as finance minister Rachel Reeves readies her budget.

Having narrowly voted to hold rates in November and with governor Andrew Bailey positioned as the swing voter on the Monetary Policy Committee and open to further easing, we expect the BoE to lower rates when it meets again in December.

Palantir Technologies Inc.’s top British executive said it’s planning a “significant investment” in the UK to win military contracts, even as the software company has complained about slow traction in Europe.

Sky's Ed Conway explains how car trouble has helped make Rachel Reeves's job more difficult as she puts the finishing touches to her second budget.

Wall Street opened lower on Thursday as investors absorbed the end of the longest government shutdown in US history. Meanwhile, the FTSE 100 (^FTSE) slipped while European stocks were mixed as the UK economy slowed in the third quarter of the year.

Bank of England policymaker Megan Greene signaled she continues to back keeping interest rates on hold, despite figures Tuesday showing UK unemployment climbing to its highest rate since the pandemic.

A Bloomberg poll of economists estimated the UK economy grew by just 0.2 per cent in the third quarter of the year.

UK Music's chief executive Tom Kiehl warned that the industry faced a number of challenges, pointing to the "need for urgent action".