Briefings and Blog

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October Monthly Economic Update

October was perhaps one of the most widely anticipated months in the economic calendar. The much heralded Comprehensive Spending Review was unveiled, just before the quarterly economic output figures. It was the latter that was the biggest surprise. Against the expectations of most economists, the economy grew by a respectable 0.8% last quarter. By contrast the CSR delivered the anticipated 25% cuts in public spending aimed at rebalancing the fiscal deficit.