High profile High Street names may be in financial trouble – but the British economy has actually grown in the last three months.
On a visit to Coventry, the Chancellor said it showed the economy had “recovered sharply” – but weaker international demand for British goods means manufacturing has continued to slide. And amid more fears about the impact of Brexit uncertainty – the CBI has urged the government to scrap what it called “blunt targets” for migrant workers – skilled and unskilled.