Blow for Rachel Reeves after UK economy shrinks by more than expected

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The cut to GDP figures come as a blow to Rachel Reeves in her mission to grow the UK economy

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The UK economy shrunk by more than expected in a major blow to Rachel Reeves, just one day after she unveiled her spending review.

The chancellor, who set out record investment in the Commons on Wednesday, acknowledged that the latest GDP figures were "clearly disappointing" but insisted her plan for the economy would help deliver growth.