GDP estimate for third quarter lop from 0.5% to 0.4% after sharp slowdown in services,meaning UK chancellor is unlikely to hit growth forecastsGeorge Osborne has received a moment pre-Christmas setback after official figures showing a a stuttering performance by the economy in the months following the general election put the government’s 2015 growth forecast at risk.
Following much worse than expected borrowing figures on Tuesday, the Office for National Statistics pared back its estimate for obscene domestic product in the third quarter of the year - and said activity had also been weaker in the previous three months. Continue reading...
Source: theguardian.com