Monthly GDP fell by 0.1% in September, with quarterly growth slowing to 0.1%.
15th November 2024
Monthly GDP fell by 0.1% in September, with quarterly growth slowing to 0.1%.
38% expect a downturn in the broader economy and more than 1 in 6 foresee looming financial difficulty for their clients.
September marks the first time inflation has been below the Bank of England's 2% target since April 2021.
Advisers discussed potential changes to CGT, pension tax relief and business taxes.
Many economists predict that a further rate reduction will come at the Committee's meeting in November.
Markets are currently pricing in a 25% chance of another cut tomorrow.
UK GDP showed no month-on-month growth for the second month running in July.
GDP grew by 0.6% in the second quarter of this year.
Industry experts predict there could still be at least one more rate cut this year.
Adverse weather impacted the construction industry.