BOE eyes rate cut as UK economy stalls
The latest GDP and manufacturing figures are dismal as Brexit uncertainties had a big knock on consumer and business spending
13 January 2020 - 17:15
London — The UK economy has stalled, official data showed Monday, as Brexit and political uncertainty contributed to slashing manufacturing output, heaping pressure on the Bank of England (BoE) to cut interest rates.
GDP contracted 0.3% in November, the Office for National Statistics said in a statement, growing only 0.1% in the three months to the end of November...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.