May a February finances give the federal government extra wiggle room?
Today's information that Britain's economic system unexpectedly shrank by 0.3% within the month of October will ship a shiver down the backbone of, not solely the Treasury, however Number 10 too.As we all know, 2024 is sort of actually an election 12 months, and the Bank of England is already warning of a 50-50 probability of a recession.
On 22 December, the final quarterly GDP figures are on account of be revised - at present's figures imply this key development statistic is likely to be revised into damaging territory.Britain will formally be in recession if that is then repeated in February.Politics stay: New low for Sunak with grim ballot
The uncertainty about how unhealthy the economic system will now get is a giant downside for Number 10 because it tries to work out wha...
