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A quick recap on those big data drops from this morning for those just joining us:
The UK faces a real risk of a technical recession — revised GDP figures for the third quarter showed a 0.1% contraction, down from initial estimates for flat growth. There was also a downward revision on second quarter numbers. This indicates the extent of the UK economy’s stagnation and notches up the pressure on the Bank of England to cut interest rates sooner rather than later in the face of slowing growth.
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