Collapsing retailers. A looming far-left government threatening nationalisation. And perhaps most significantly of all, our potentially chaotic rupture with our largest, closest and most significant trade partner. It doesn’t seem to matter what you throw at it, the British economy continues to be surprisingly resilient. Figures out today showed it expanded at 0.6 per cent in the third quarter, its fastest rate for a couple of years, and a rate which should keep annual growth at a more than respectable 2 per cent plus.
That will come with all the usual caveats of course. It was helped by all the money we spent in the pub watching our boys do so well in the World Cup this summer, the pound was weak yet again, and much of it was financed by hammering our credit cards as usual.
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