QuidMetrics

UK economy shrinks in August as FTSE 100 steadies

The Office for National Statistics is set to release August GDP growth figures that economists expect to show economic contraction.

London's blue-chip FTSE 100 index closed strongly on Wednesday but was expected to slip slightly on Thursday morning. The Office for National Statistics will release August GDP growth figures, which economists anticipate will reveal that the UK economy has shrunk.

The release comes as investors assess the health of the British economy and its implications for financial markets.