UK growth figures to show economy at virtual standstill as Brexit looms - business live

The Guardian - Jan 11, 08:39 GMT

The latest health check on the UK economy is expected to show GDP grew by just 0.1% in NovemberFlybe rescued by Virgin and Stobart in cut-price deal 8

The latest health check on the UK economy is expected to show GDP grew by just 0.1% in November

  • Flybe rescued by Virgin and Stobart in cut-price deal

Struggling airline Flybe has recommended to shareholders a £2.2m takeover offer from a consortium led by Virgin Atlantic, which is part-owned by the billionaire Sir Richard Branson.

Economists polled by Reuters are expecting the ONS figures later this morning to show Britain’s manufacturing sector grew by 0.3% in November.

But as we saw yesterday with Jaguar Land Rover and Ford axing thousands of jobs, car manufacturers in particular are struggling.

Concerns about a slowdown in the UK economy will focus on a different sector today with the release of the latest manufacturing and industrial production numbers for November. We’ve already seen some ugly numbers out from Germany and France this week raising concerns that Germany could fall into recession in Q4.

If the weak economic environment in Europe is any guide the UK could well cop some of the fallout from that, with the sharp decline in oil prices also weighing on the UK oil and gas sector.

Related: Jaguar Land Rover and Ford to axe thousands of jobs

Continue reading...
Read Full Story
uDailyNews.com ©2018
Edition : uk | Sitemap