Shadow chancellor Mel Stride said: “This fall in growth shows the stark impact of the chancellor’s decisions and continually talking down the economy.”
KPMG’s chief economist Yael Selfin said that activity was “held back by uncertainty ahead of the Budget on 30 October” as businesses and consumers held back on spending.
But some industries, such as real estate, law firms and accountancy brought forward work before Reeves announced the Budget, the ONS said.
The economy has grown just once over the past five months, according to Capital Economics, and is 0.1% lower than before Labour won the election in July.
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