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ArchiveNovember 2020October 2020September 2020August 2020July 2020June 2020May 2020April 2020March 2020February 2020January 2020December 2019November 2019October 2019September 2019August 2019July 2019June 2019May 2019April 2019March 2019February 2019January 2019December 2018November 2018October 2018September 2018August 2018May 2018
“Despite a small improvement in GDP growth between October and November, the underlying three-month measure showed an economy that was slowing after what had been a stronger performance in the previous quarter. This is reinforced by the results of our own Quarterly Economic Survey, which found that the UK economy was stuck in a weak holding pattern at the end of 2018.
“The trade deficit narrowed slightly in the month but has widened considerably over the year. These are testing times for many exporters who are feeling the pressure of Brexit uncertainty and broader global issues in the trading environment. Businesses continue to report concern over exchange rates and pressure on prices from the rising cost of materials.
“As the clock ticks ever closer to March, businesses are becoming increasingly frustrated and looking to Westminster for clarity and precision on the future terms of trade. Firms need to know what customs procedures they will face with their nearest neighbour and other important partners in just over ten weeks.”