Wed. Sep 30th, 2020

UK economy stagnates as Brexit uncertainty hits growth – business live

UK economy failed to grow over the August-October period, reports the Office for National Statistics in its latest growth report

Earlier:

1.32pm GMT

The weak growth figures haven’t caused much of a kerfuffle in the City.

The pound has hit a new seven-month high against the US dollar today, touching $1.3189, as investors continue to price in a Conservative election victory.

1.15pm GMT

Weak consumer confidence means Christmas puddings and tins of biscuits are languishing on UK shop shelves…..

Related: Don’t bring us figgy pudding … yet, say Christmas shoppers

Continue reading…UK economy failed to grow over the August-October period, reports the Office for National Statistics in its latest growth reportLatest: No growth in OctoberEconomy also stagnated over the last quarterServices growth slows; factories and construction contractExpert: Brexit uncertainty blights economyEarlier:It’s UK GDP day 1.32pm GMTThe weak growth figures haven’t caused much of a kerfuffle in the City.The pound has hit a new seven-month high against the US dollar today, touching $1.3189, as investors continue to price in a Conservative election victory. 1.15pm GMTWeak consumer confidence means Christmas puddings and tins of biscuits are languishing on UK shop shelves….. Related: Don’t bring us figgy pudding … yet, say Christmas shoppers Continue reading…

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