US jobless claims jump; UK growth fizzles out – as it happened
Growth in the UK economy has all but fizzled out. GDP expanded by just 0.4% in October, the weakest in six months, with Covid-19 restrictions hitting the services sector hard. Economists said growth had dropped to a “snail’s pace”, and that the UK faced a fraught few months after coming to a ‘juddering halt’ this quarter. Economics thinktank NIESR