LONDON – Britain’s Treasury chief Rachel Reeves said Friday that she is “not satisfied” by official figures showing the British economy’s rebound from recession slowed down sharply in the third quarter of the year, as the country’s top central banker voiced his concerns about the economic damage wrought by the U.K.’s departure from the European Union.
The Office for National Statistics said growth during the July-to-September period was just 0.1%. That was lower than the 0.5% recorded in the previous three-month period and below market expectations of 0.2%.
The statistics agency said overall output in September shrank, a development that has fueled accusations from critics of the new Labour government that its pessimism dragged the economy down in its first few weeks in office. The Conservatives’ Treasury spokesperson, Mel Stride said the deterioration in business and consumer confidence was a direct result of the government “talking the economy down.”
On coming to power in July for the first time in …