The UK economy shrank more than expected in 3Q, leaving households with smaller incomes for a fourth straight quarter. Meanwhile, off the cost of Australia, Shell was forced to halt production of a liquefied natural gas facility after a fire broke out. In this year’s final edition of The London Rush, it’s also time to reflect and look ahead. You can listen to a recap of 2022’s UK business news at the end of this newsletter and take a closer look at the City’s hopes as it heads into the new year.
Here’s the key business news from London this morning: