4 Things You Need To Know (25/10/17)
Please note this blog post was published over 12 months ago and so may not include the most up-to-date information, for example where regulation around investing has changed.
Welcome to our daily update, where we summarise the key talking points from the last 24 hours.
1. Interest Rates
The UK economy enjoyed higher than expected growth between July and September, growing 0.4%. This is up on the 0.3% in 2017’s first two quarters.
The rise is viewed as another indicator that the Bank of England could raise interest rates in November.
2. Labour MP suspended
Labour MP Jared O’Mara has been suspended by the Labour party due to misogynistic and homophobic comments he made online between 2002 and 2004. An investigation is now taking place, and Mr O’Mara has resigned from the women and equalities committee.
The Sheffield Hallam MP won his seat from Liberal Democrat Nick Clegg in the 2017 General Election.
3. Brexit
Theresa May is confident that MPs will have time to get a Brexit vote before the UK leaves in March 2019.
Brexit Secretary David Davis had previously suggested there would be no time for a vote, saying that a deal may have to be done on the “59th minute of the 11th hour.”
The Prime Minister has refuted this, stating at PMQ’s that a deal will likely be done “in time for Parliament to have the vote we committed to” on the outcome of EU Brexit negotiations.
4. Savings Gap
Our latest Savings Gap report is now available, download Savings Gap Q3 2017 now.
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