“Economy to Defy Brexit Fears”

times

Britain will be the fastest growing economy in the G7 and beat Bank of England forecasts with 0.5% economic growth in the final quarter of 2016, The Times reports today under the headline “Economy to defy Brexit fears”. A survey of businesses showed the service sector had its best month since January. Of course according to the times this is #DespiteBrexit:

“The country’s dominant service sector has experienced its best month since January, the survey of businesses showed, defying fears of a slump in growth after the Brexit vote.”

New retail sales figures from British Retail Consortium report that sales rose by 1.3% in November, following better-than-expected services PMI data. Barclaycard says consumer spending rose 5.1% last month, the second highest rate since the survey began (H/T @afneil). More good news…


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Quote of the Day

Ed Davey on who he would like to see lead a government of national unity

“Yvette Cooper for obvious reasons, she’s been very high-profile in cross-party work, and I’ve also mentioned Hilary Benn as chair of the Brexit Select Committee. But it would not be for me here to make that suggestion, it would be for others working cross-party. I think it probably has to be a Labour MP because most of the MPs supporting a Queen’s Speech would be Labour. Ultimately it’s a challenge to my Labour colleagues, many of who realise a no-deal Brexit would be deeply damaging to their constituents.”

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