News in Brief #breakfastbrief at Politica-UK
1) UK economy: GDP ekes out 0.1% growth in August Monthly GDP +0.1% in Aug after a revised ‑0.1% in July; services flat , production +0.4% , construction ‑0.3% . Office for National Statistics +1 3‑month growth to Aug +0.3% ; momentum remains weak ahead of the Autumn Budget. Office for National Statistics Markets eye Reeves’ Budget as growth slows and trade deficit widens. The Guardian 2) UK tightens Russia energy sanctions London targets Rosneft, Lukoil , and shadow fleet tankers; ~90 new listings announced 15 Oct . Reuters Measures hit oil/LNG flows incl. China’s Beihai LNG terminal; aim to choke Kremlin revenue. Reuters Government calls it its “strongest” package yet. GOV.UK 3) IFS turns the screws ahead of Budget IFS Green Budget 2025 warns of tight fiscal space; slower growth, higher joblessness, inflation above target. Institute for Fiscal Studies IFS analysis fuels debate on difficult choices for Reeves; thinktank commentary pushing to...