.@JohnMcDonnellMP & @JeremyCorbyn @UKLabour have no position on inflation, but recession?

ITV has reported that TV ad revenue fell 7% in the first nine months of 2017 …

The broadcaster expects improvement with a fall of 5% for the full year, as brands roll out big budget festive campaigns in the run up to Christmas.

October will be down 1%, November up 2% and December up 1%.  Peter Bazalgette, ITV chairman, said “some” grocers and consumer brands (like P&G and Unilever) are returning to TV advertising, but the economy is still very uncertain.

An traditional, early sign of recession in the UK is a fall in spending on discretionary, in the opinion of some, non essential items, like advertising; new plant, machinery and buildings and staff training …

Has a shoe just dropped?

Britain’s inflation rate has stuck at 3.0% in October 2017


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