civil servants. meanwhile, separate data from the bank of england shows british lenders reported a sharp increase in the rate at which households and businesses defaulted on loans such as mortgages. the chancellor said the economic outlook was still brighter than expected. let s bring in the chief economist at kpmg. the uk economy remains weaker than any other country in the g7. we still have twin drives of high inflation and rising interest rates. how resilient do the you think the uk economy is? the latest data has been think the uk economy is? the latest data has been more think the uk economy is? the latest data has been more positive - think the uk economy is? the latest data has been more positive than i data has been more positive than what we feared late last year so it seems like the overall economy is more resilient and the majority of the weakness that we saw more recently is related to strikes rather than any fundamental weakness of the economy but obviously w
rather than any fundamental weakness of the economy but obviously we are undergoing a period that is relatively volatile with some headwinds with very sharp rises in interest rates and inflation still putting down pressure on purchasing power and on margins. power and on margins. according to the latest data, power and on margins. according to the latest data, over power and on margins. according to the latest data, over 1096 power and on margins. according to the latest data, over 1096 of - the latest data, over 10% of businesses have been affected directly by industrial action since september. does it tend to affect more sectors than others or is it widespread? 50 more sectors than others or is it widespread? more sectors than others or is it widespread? more sectors than others or is it widesread? . ., , widespread? so far we have seen it concentrated widespread? so far we have seen it concentrated a widespread? so far we have seen it concentrated a little widespread?