The economy is slowing down. GDP grew 0.3 per cent in the three months to August. As ever, services propped up Britain, growing by 0.4 per cent, while the production sector shrank by 0.3 per cent, according to Office for National Statistics data.

We could have news of a stagnating economy confirmed just in time for Rachel Reeves’s Budget

That growth over the last three months though was helped by a bumper June with the economy flat over the latest two months. If things don’t improve in the September data, then we could have news of a stagnating economy confirmed just in time for Rachel Reeves’s second Budget.

Inflation too, as we have been pointing out for months, does not seem to be going away – and when combined with the growth figures it looks like we’re in for a nasty period of stag

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