By bizn_fun 
Introduction: It’s UK GDP Day
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The UK economy will be under the microscope today, less than two weeks before a crucial budget.
The latest GDP data, to be released at 7am, will show how the economy fared in September, and over the third quarter of this year. Economists predict small quarterly growth – of perhaps 0.2%, down from 0.3% in April-June.
September could be trickier, though; the economy may have felt the chill of pre-budget uncertainty. It certainly faced disruption in the auto sector, with carmaker Jaguar Land Rover forced to suspend production for the month due to a cyber attack.
The JLR hack drove car production at British factories to the lowest level for a September since 1952, which will surely hit the wider measure of activity.
A poor GDP report will intensify the criticism of chancellor Rachel Reeves’s handling of the economy, as she prepares her budget statement on 26 November.
Weak growth could also spur the Bank of England towards cutting interest rates again, with a December cut already looking quite likely….
The agenda
-
7am GMT: UK GDP report for September, and Q3 2025
-
7am GMT: UK trade report for September
-
9am GMT: IEA’s monthly oil market repor
-
Noon BST: Bank of England policymaker Megan Greene: Panellist at Chatham house event ‘Is the age of central bank independence under threat?’
Key events
While we wait for the UK GDP report in 15 minutes, we also have evidence that the UK housing market cooled in October.
Buyer demand, sales activity and new instructions all fell further into negative territory, the Royal Institution of Chartered Surveyors reports this morning.
Surveyors strongly attribute the slowdown to mounting uncertainty ahead of the forthcoming Autumn Budget and potential tax-raising measures, RICS says.
Introduction: It’s UK GDP Day
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The UK economy will be under the microscope today, less than two weeks before a crucial budget.
The latest GDP data, to be released at 7am, will show how the economy fared in September, and over the third quarter of this year. Economists predict small quarterly growth – of perhaps 0.2%, down from 0.3% in April-June.
September could be trickier, though; the economy may have felt the chill of pre-budget uncertainty. It certainly faced disruption in the auto sector, with carmaker Jaguar Land Rover forced to suspend production for the month due to a cyber attack.
The JLR hack drove car production at British factories to the lowest level for a September since 1952, which will surely hit the wider measure of activity.
A poor GDP report will intensify the criticism of chancellor Rachel Reeves’s handling of the economy, as she prepares her budget statement on 26 November.
Weak growth could also spur the Bank of England towards cutting interest rates again, with a December cut already looking quite likely….
The agenda
-
7am GMT: UK GDP report for September, and Q3 2025
-
7am GMT: UK trade report for September
-
9am GMT: IEA’s monthly oil market repor
-
Noon BST: Bank of England policymaker Megan Greene: Panellist at Chatham house event ‘Is the age of central bank independence under threat?’