The UK economy has shrunk by 0.2% in the three months to September 2022, according to data from the Office for National Statistics.

The figures follow growth of 0.2% in the second quarter of 2022.

Activity in the service sector saw zero growth over the third quarter, driven by a fall in consumer spending due to the cost of living crisis.

Real household expenditure fell by 0.5% in Q3 2022.

The economy shrank by 0.6% in September alone, with about half of the fall attributed to widespread shutdown during the mourning period for Her Majesty the Queen.

The Bank of England expects the latest figures to mark the beginning of a prolonged recession, lasting until the end of 2023.