British GDP data are forecast to show healthy growth of 0.7 percent in the third quarter.
Britain’s economy is growing at a strong annual clip of around three percent, a pace most euro zone countries could only dream of. But the government is worried that the currency area’s new malaise could take the shine off things in the run-up to May’s general election.
Then there is the stunningly low level of wage and income growth, lower even than Britain’s sluggish level of inflation. This is a robust recovery but how many Britons are feeling it?
With elections increasingly in mind, the ruling Conservative party would not have been happy about some of the headlines from Day One of an EU summit in Brussels.
Climate change was the main business and Germany’s Angela Merkel said the EU will discuss a bridging loan to Kiev next week so that the country can pay in advance for Russian gas deliveries, as Moscow has demanded in return for turning the taps back on. That will come as a relief as any interruption to winter flows to western Europe, via Ukraine from Russia, would have dealt another blow to already struggling EU economies.