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Evening Standard

Business

City Staff

FTSE 100 Live: 'Rate cuts could come sooner' as GDP falls by 0.3%, blue-chip shares higher

GDP Recession United Kingdom

A surprise 0.3% decline in GDP for October today fuelled the UK’s winter recession fears and appeared to push interest rate cuts a little closer on the horizon.

The disappointing update comes ahead of tonight’s US Federal Reserve policy announcement and those by the Bank of England and European Central Bank tomorrow.

Meanwhile, Ladbrokes owner Entain is looking for a new boss after it announced today that Jette Nygaard-Andersen has left the business with immediate effect.

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