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UK DATA WEEKAHEAD-GDP figures and pre-budget report dominate
LONDON, Nov 21 (Reuters) - British finance minister Alistair Darling will reveal next week how much he is prepared to spend to help avoid a protracted recession, while GDP figures are expected to confirm Britain's economy contracted by 0.5 percent in the third quarter. Following are some of the key British economic indicators to be released next week: PRE-BUDGET REPORT Monday, Nov. 24 at 1530 GMT. Darling will unveil the government's economic stimulus package in his pre-budget report to parliament. It is likely to contain tax breaks, help for households and small businesses, funded in large part by extra borrowing. Speculation centres on a stimulus of at least 1 percent of GDP, or 15 billion pounds ($22 billion). For a preview of the report: For a factbox: Markets want clear time-limit for stimulus: GDP (SECOND ESTIMATE Q3) Wednesday, Nov. 26 0930 GMT Q3 Forecast Q2 GDP growth (qq) -0.5 0.0 GDP growth (yy) 0.3 1.5 Economists expect the second release of the GDP figures to confirm that GDP contracted by 0.5 percent in the third quarter from the previous three months. Year-on-year growth is expected to be confirmed at 0.3 percent, the weakest since 1992. FOR PREVIOUS STORY, CLICK ON: GfK CONSUMER CONFIDENCE (November) Friday, Nov. 28 at 0001 GMT Forecast Previous Consumer confidence index -38 -36 Consumer confidence is expected to deteriorate further after warnings from the Bank of England and the British government that Britain is entering a recession. FOR PREVIOUS STORIES, CLICK ON CBI DISTRIBUTIVE TRADES (November) Friday, Nov. 28 at 1100 GMT. Forecast Previous Reported sales balance -35 -27 Analysts expect the Confederation of British Industry's latest retail survey to signal a more broad-based decline after a smaller-than-expected fall in October. FOR PREVIOUS STORIES, CLICK ON Keywords: ECONOMY BRITAIN WEEKAHEAD (UK Economics Desk; Email: [email][email protected][/email]; Tel. +44 20 7542 7708) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.