The UK economy surged out of recession with record growth of 15.5% between July and September, but official figures show the recovery slowed sharply even before the second lockdown.
The Office for National Statistics (ONS) said the economy grew 1.1% month-on-month in September as the recovery since the nadir of the recession in April began to run out of steam.
Data shows that at the end of September, the economy was still 8.2% below levels seen in February before the crisis struck despite the record-breaking jump in gross domestic product (GDP) in the third quarter.
Chancellor Rishi Sunak warned growth is likely to slow further over the fourth quarter and said there are “hard times ahead”.
Eat Out To Help Out
With this in mind Sunak declined to rule out further measures similar to the Eat Out To Help Out scheme when the economy reopens the second lockdown, at the beginning of December.
He told Sky News that the government would look at a “range of things” to “get consumers spending again and people out and about”.
The original meal discount scheme saw over 100 million meals subsidised by the government, in August, at a cost of more than £500m. Their have been criticisms that this led to a spike to Covid infections adding to the need for a second lockdown.
Now many people on social media believe this new scheme would cause a third lockdown.
Here are some of the best reactions
Reactions
1.
2.
3.
4.
5.
6.
7.
Related: Is Rishi Sunak losing his shine?
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
