Recession watch

So the bad news keeps rolling on

This morning we have had so far house prices falling 16% year on year,their biggest drop for 25 years.They fell over 2% in November alone.New car sales have fallen 36.8%in November,the biggest monthly drop in 28 years.

Then the news that HM Revenue and Customs is to close more than 90 offices across the UK and cut 3,400 jobs.

We await the interest rate decision at 12.00