British Chancellor Rachel Reeves acknowledged the "disappointing" economic growth report but remains optimistic about future improvements.

The latest gross domestic product (GDP) report for October revealed a 0.1% contraction in the British economy. Reeves highlighted the government's efforts to stabilize public finances, maintain low corporation tax rates, and invest in national wealth and infrastructure to drive long-term growth.

Reeves emphasized the Labor government's commitment to boosting investment in British businesses, infrastructure, and clean energy, aiming to deliver increased living standards for all citizens.