GDP falls in November


GDP fell by 2.6% month-on-month in November, according to data from the Office for National Statistics (ONS). GDP fell to 8.5% below its pre-pandemic level during the month, with the slide driven by the second national coronavirus lockdown in England. Analysis shows that GDP dipped 3% in the first three months of 2020 before registering a record 19% fall in Q2. While Q3 saw a record jump of 16% as growth returned, analysts expect Q4 to see another dip. With tough new Covid restrictions currently in place, Q1 2021 is forecast to show a decline, meaning two consecutive quarters of falling GDP and a second recession. Chancellor Rishi Sunak said the ONS figures highlight the scale of the challenge being faced, saying: “It’s clear things will get harder before they get better”. James Smith, research director of the Resolution Foundation, says that while the economic story “is of only the second-ever double-dip recession on record, the story of the year will be a vaccine-driven bounce back in economic activity”.


Read more: BBC News



www.sardison.co.uk


Log into your account here, or click here to sign up!


Visit our website here for more news and product information, or click the button below to submit a short enquiry form for your finance needs.



Opening Time
Monday – Friday 9:00am - 5:00pm
Saturday – Closed
Sunday – Closed
Call Us - 020 3086 8030 
  • Sardison Capital
  • Sardison Capital
  • Twitter
  • YouTube
  • Sardison Capital

2021 All Rights Reserved. Sardison Capital is the trading style of Sardison Group Ltd.

We help businesses access business and property finance providers. Applicants must be aged 18 and over, T&C’s apply. All finance and quotes are subject to status and satisfying the funders criteria. Guarantees and Indemnities may be required. Sardison Capital can introduce applicants to a number of funding providers based on the applicants' circumstances and creditworthiness.  Sardison Capital is a Credit Broker sourcing from the whole of the market, not a Lender. 

© Copyright 2021 by Sardison Capital.

Website Designed by AVETON Design