The latest ONS data shows UK GDP grew by 0.7% between July and September. Up from 0.5% in the second quarter…
Over the last twelve months, the economy has grown by 1.9% – the highest growth in almost two years. Although don’t start the celebrations too early…
Investment strategist at Quilter Kit Rees said:
“While growth remains robust, if unspectacular by historic standards, higher employment costs and rising energy prices are hitting at the same time as cost-of-living pressures weigh down on demand.
“This is expected to be the case for the rest of this year and into next, unless the geopolitical situation somehow transforms into a more positive backdrop.”
Brace for higher inflation next year…
Lucy Powell told Sky News that the Ed Miliband-Russell Brand interview happened in part because the ‘social media age’ had not begun by 2015:
“Look, I mean, he approached the Labour Party, he approached the campaign team, and we’re in very different times now. We weren’t in the social media age at the time – where you could maybe search things up and see allegations about somebody at the time. and as I say, if there was any suggestion at all, we were dealing with someone who was a known sexual predator at the time, then, of course, you know, no one would have done that. But as I say, he was a well known public figure. Lots of people from Hollywood to the BBC to many others gave this person a very, very powerful platform. And we didn’t know at the time, unfortunately. It was a different era.”