UK interest rate cuts cannot come soon enough for economy and Jeremy Hunt
by Phillip Inman from Economics | The Guardian on (#6HSXJ)
Modest GDP growth in November gives chancellor little to celebrate when three-month figure shows contraction
Jeremy Hunt knows there is little to celebrate from modest economic growth during November.
The 0.3% increase in gross domestic product follows a drop of 0.3% in October, and the three-month figure - which is considered a more reliable and certainly less volatile measure of economic growth - showed a 0.2% contraction to the end of November.
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