GDP
It would have to be a mammoth search to find any good news coming out of the UK recently. Things have gotten worse this morning as the UK economy printed a negative 0.1% contraction in October, likely owing to concern over the coming budget.
Worse yet, we can expect the November figure to be the same, given that we had to wait until the very end to actually get the budget.
A contraction in industrial production especially dragged the broader figure down, the service sector also showed a more pale rate of growth, not that it was zipping away to begin with. No growth since June is a bad headline for the Government and many of the Chancellor's plans rely on a steady, if low, rate of growth.
A recession, though far in the distance at present, would be devastating for the Government and would likely send the Pound spiralling as political risk mounted.
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