UK Politics Thread part II

Jimbuna · 10-12-22, 05:23 AM

The UK economy unexpectedly shrank by 0.3% in August, the Office for National Statistics says.

It said the fall was because of a slowdown in manufacturing and in consumer-facing businesses such as hairdressers and hotels.

Analysts thought the economy would stall in August because of rising costs, but did not expect it to shrink.

The Bank of England has previously said that it expects the UK to fall into a recession by the end of the year.

This comes as the Bank of England warns investors its emergency bond-buying intervention - designed to stabilise the economy after the mini-budget - will end on Friday.

Prime Minister Liz Truss will appear at PMQs later - it'll be the first time she's appeared at the dispatch box since the mini-budget sparked market turmoil.

10-12-22, 05:23 AM	#11
Jimbuna Chief of the Boat Join Date: Feb 2006 Location: 250 metres below the surface Posts: 191,168 Downloads: 63 Uploads: 13	The UK economy unexpectedly shrank by 0.3% in August, the Office for National Statistics says. It said the fall was because of a slowdown in manufacturing and in consumer-facing businesses such as hairdressers and hotels. Analysts thought the economy would stall in August because of rising costs, but did not expect it to shrink. The Bank of England has previously said that it expects the UK to fall into a recession by the end of the year. This comes as the Bank of England warns investors its emergency bond-buying intervention - designed to stabilise the economy after the mini-budget - will end on Friday. Prime Minister Liz Truss will appear at PMQs later - it'll be the first time she's appeared at the dispatch box since the mini-budget sparked market turmoil. __________________ Wise men speak because they have something to say; Fools because they have to say something. Oh my God, not again!!