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’A glance at UK GDP – across the North Sea
Things that impacted the UK’s second-quarter GDP, as announced by the ONS on Tuesday:
The additional bank holiday for the royal wedding
The royal wedding itself
The after-effects of the Japanese
Budget 2011 – fine print follow-up
Before we begin, Gavyn Davies’ post on the 2011 Budget is up here and offers a great take.
Meanwhile, the main budget doc can be read here (pdf) and the supplemental documents here.
Below is a quick run through of the main tables as per our Budget primer on Wednesday morning.
North Sea gusher!
We didn’t think it would happen – but Aim-listed Xcite Energy has delivered an early Christmas present to punters in the oil exploration sector on Tuesday:
Heavy oil has flowed from its Bentley in the North Sea at a rate of 2,900 barrels a day,
Non-Opec decline: the means towards a renewed bull market
As the FT reported earlier this week, North Sea production is being hit critically by the economic crisis. The story quotes findings from a Deloitte report which says the number of exploration wells being drilled in the North Sea has collapsed by 78 per cent in the first quarter of 2009 versus the same period last year.