In their weekly chat, Jeremy & Gareth discuss the UK recession, the trends for inflation and interest rates and how stock markets are behaving and the outlook for the consumer. They ask whether the UK might go it alone and cut rates before a move from the Fed.

They also discuss Bloomsbury Publishing and the demand for fantasy fiction, XP Power and implications for de-stocking in industrial supply chains, and the cancellation of the Close Brothers dividend due to the new PPI on wheels.

There is not much on the calendar for next week's macroeconomic data; FOMC minutes are about it.

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