UK economy shrinks in January; stocks and euro jump on reported German debt deal – business live
UK economy unexpectedly contracts by 0.1% in January in blow to the chancellor ahead of spring statement
Let’s look at the GDP figures in more detail.
The 0.9% drop in production output in January, which came after 0.5% growth in December, was mainly caused by a 1.1% slump in manufacturing while mining and quarrying also declined. Basic metals and metal products were down along with pharmaceutical products. Continue reading...
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