Much of the 0.1% m/m fall in September (consensus and CE 0.0%) and muted 0.1% q/q rise in GDP in Q3 was due to the hit to manufacturing activity caused by the Jaguar Land Rover cyber-attack, which will be reversed in Q4. Even so, the big picture is that the economy is struggling to gain decent momentum in the face of higher taxes and soft overseas activity. And with tax rises in the upcoming Budget likely to trim GDP by around 0.2% in 2026, there is little reason to think that GDP growth will accelerate much from here. (See here.)
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
