A few odd things happened yesterday. The latest GDP figures came out and showed a healthy 0.5% growth (HERE) significantly more that the 0.3% forecast by economists. But during the day, the pound ended about 0.7% down at $1.21700 or so. Some commentators think this was due to most of the increase coming from consumer spending with manufacturing and construction both showing falls in output. Today the pound has not crept above $1.2150
Then there was the news about Nissan building the new qashqai in Sunderland with all the speculation about what incentives (HERE) Nissan forced out of the government in order to avoid being burdened with tariffs. This was followed this morning the J C Bamford's owner saying being outside the customs union and the single market would make us better off (HERE). This is amazing, JCB seem to think Nissan asked and the government offered something (we do not yet know what) that would, according to JCB stop them from becoming better off.
What a strange world we live in. The government is now offering support and reassurance to help companies avoid becoming better off.
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