GBP: UK car manufacturing could suffer first annual fall since 2009

It wasn’t a great day at the office for the UK yesterday, as we learned that consumer confidence dipped to its lowest level since December 2013 and UK car manufacturing might suffer its first annual fall since 2009 – when we were in the financial crisis.

Government borrowing in November came in at £200 million less than the same time last year. The news was met rather hesitantly as, despite the fact it is positive, the Office for National Statistics’ decision to reclassify housing associations as private rather than public has driven borrowing down by £300 million.

Today sees the release of the UK GDP growth rate for the third quarter of 2017.