Just Ahead of the November Budget, the Markets Have It...

Pryce, Vicky (2022) Just Ahead of the November Budget, the Markets Have It... Birmingham City University, Centre for Brexit Studies Blog.

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The latest UK data for GDP in September painted a sorry picture. Services activity dropped significantly and output across the economy suffered leading to an 0.6% drop in GDP and a drop of 0.2% in the third quarter . Yes, as we had all anticipated , an extra bank holiday for the Queen’s funeral was always going to affect September figures . But what we are seeing is a worrying trend with manufacturing in the quarter down by 2.3%, with every sub-sector within it in falling, something not seen, as the ONS reminded us, for 40 years. Interestingly, in contrast, GDP grew by 0.2% in the Eurozone and the EU as a whole in the third quarter and there was positive activity was positive in all the larger countries in the EU such as France, Germany, Italy and Spain[i].

Item Type: Other
14 November 2022Published Online
Uncontrolled Keywords: Centre for Brexit Studies, CBS, Brexit, BCU, EU, European Union, UK, Birmingham City University, UK Government, UK politics
Subjects: CAH15 - social sciences > CAH15-03 - politics > CAH15-03-01 - politics
Divisions: Research, Innovation, Enterprise and Professional Services > Centre for Brexit Studies
Depositing User: Gemma Tonks
Date Deposited: 15 Nov 2022 09:49
Last Modified: 15 Nov 2022 09:49
URI: https://www.open-access.bcu.ac.uk/id/eprint/13737

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