Blog: Olly WehringUK economy shrinks, again

Olly Wehring | 23 October 2009

Put the Champagne on ice. The UK economy remains in recession after wrong-footing analysts by shrinking in the third quarter of 2009.

While neighbouring France and Germany this summer returned to growth in gross domestic product, the UK reported today (23 October) that its own economy shrank 0.4% in the three months to the end of September.

Most analysts had expected a small return to growth, albeit of around 0.2%.

The news makes the current recession the worst since UK records began in the 1950s. Coupled with this, the UK jobless rate is around 8%, at 2.47m unemployed.

A timely reminder that, despite renewed optimism from some corners of the drinks industry, we are far from out of the woods.

Chris M.

 

 

 


BLOG

Small measures required as Philadelphia soda tax adds up

Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....

BLOG

Accolade Wines and a giant of the tennis world

Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...

BLOG

Situation Vacant - Must love whisk(e)y

Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....

BLOG

Angostura advertises the news

Most of the time, changes at the top of a company present themselves in press releases, stock exchange filings or responses from a spokesperson....

just-drinks homepage



Forgot your password?