It does rather feel like it given the way the UK economy is going. The latest official figures - for March Leonard Cohen album-level grim. They showed a 0.1 per cent contraction against the flat zero the City had expected. There is probably worse to come. This economic frost is going to bite hard. The stock market doesn't always react to this sort of release, partly because the FTSE 100 is a very international market, especially at the top end.
But it did this the time, with the figure serving as another pointer to a potential global slowdown - as if there weren't enough already out there. Investors were already rattled by the worse than expected core inflation numbers in the US, so dealing screens were dominated by red pixels. These figures are, it is worth pointing out, subject to revision.
This story is from the May 13, 2022 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 13, 2022 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Your At-A-Glance Guide To Election Declaration Times
The results of yesterday’s elections are being declared over several days, starting shortly after the polls closed last night and ending on Sunday.
Turkey Halts Trade With Israel Over Gaza Deaths
Turkey yesterday suspended all imports and exports to Israel citing the country's ongoing military action in Gaza and vowed to continue to impose other measures until the Israeli government allows the flow of humanitarian aid to the region.
The AI App That Shows Just How Bad Dating Is Right Now
As a new app launches with the promise to help men placate their ‘angry girlfriends’, Olivia Petter asks what this type of technology says about our expectations of men – and women
Sunak 'Worse Than Truss' As Tories Facing ‘Armageddon'
Rebel MPs sharpen knives as election mauling predicted
NHS Watchdog Sanctions Mental Health Hospital For Having History Of Poor Care
A private mental health hospital used by the NHS has been sanctioned by the service’s safety watchdog, which warned it has had a “history” of substandard care.
EU And US Urge Georgia To Halt Its 'Foreign Agents' Bill
The government of Georgia is under international pressure to abandon its plans to designate certain organisations foreign agents”.
Do Today's US Protests Really Compare To Sixties Struggles?
As the calendar turned from April to May, police marched onto the campuses of two major universities, one on each coast of the United States, and dispersed hundreds of students.
Biden Condemns Violence At Colleges Amid Gaza Protests
Joe Biden yesterday condemned the unrest and violence that has disrupted college campuses over the last week, while stressing the importance of the right of Americans to protest peacefully in support of the Palestinians’ treatment during Israel’s ongoing war against Hamas in Gaza.
Disco-pop princess fills the dancefloor like no other
Dua Lipa is doing what she does best on Radical Optimism’, getting feet tapping and bodies moving to slickly-made beats with an undeniable chart-topping energy
Hollywood made Dunaway pay for her independence
With new documentary ‘Faye’ set to premiere in Cannes, Geoffrey Macnab tells the cautionary tale of how the strong, chic ‘Bonnie and Clyde’ star ended up acting in B-movies