UK economy shrank by more than expected in October

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The UK economy shrank by more than expected in October, after a series of interest rate rises and partly because of bad weather.

Official figures show that gross domestic product fell 0.3% on the month, compared with growth of 0.2% in September.

Household spending has been squeezed by rate rises as the Bank of England tried to get inflation under control

The Bank is due to make its next rate decision on Thursday.

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