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This week's GDP figures showed that firms invested only sparingly in 2016, but their financial fortunes have been bolstered by a recovery in profits. The gross operating surplus of all firms rose by 4.5% quarter-on-quarter in Q4, the biggest increase for 11 quarters. This pushed the share of GDP absorbed by profits up to 21.3%, just above its 60-year average of 21.2%.
China hit back against the Trump-administration tariffs yesterday, targeting Mr. Trump's electorate.
Chief U.K. Economist Samuel Tombs on U.K. Manufacturing
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