Mon. Sep 21st, 2020

UK GDP: Economic uncertainty expected to weigh on growth – business live

Rolling coverage of the latest economic and financial news, including October’s UK GDP growth report

  • Economists predict growth of 0.1% in October
  • But the last quarter could be flat

8.54am GMT

The London stock market has started the day on the wrong foot, as investors await October’s UK GDP report.

The blue-chip FTSE 100 index has shed 65 points, or 0.85%, in early trading to 7,173 – back towards last week’s two-month lows.

8.44am GMT

With the UK’s future as murky as the clouds blanketing the country, people appear to be delaying their Christmas preparations.

“Amid the uncertainty of a (Dec. 12) general election, a lacklustre Black Friday and a wet autumn, shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.”

Continue reading…Rolling coverage of the latest economic and financial news, including October’s UK GDP growth reportEconomists predict growth of 0.1% in OctoberBut the last quarter could be flat 8.54am GMTThe London stock market has started the day on the wrong foot, as investors await October’s UK GDP report.The blue-chip FTSE 100 index has shed 65 points, or 0.85%, in early trading to 7,173 – back towards last week’s two-month lows. 8.44am GMTWith the UK’s future as murky as the clouds blanketing the country, people appear to be delaying their Christmas preparations. “Amid the uncertainty of a (Dec. 12) general election, a lacklustre Black Friday and a wet autumn, shoppers have been delaying their Christmas preparations and are waiting to stock up on festive supplies.” Continue reading…

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