The deterioration in the business surveys in November was probably partly driven by growing fears that the Brexit mess will not be sorted out in time to avoid a no deal rather than an actual fall in activity. Meanwhile, this week’s Brexit crunch-point will be the vote on the Prime Minister’s deal on Tuesday, where the government seems destined to suffer another defeat. As a result, political uncertainty is likely to continue to hang over the economy for at least the next few months.
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