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While Theresa May embarked on a charm offensive across Europe, MPs convened in the House of Commons to have an emergency debate. Labour leader Jeremy Corbyn opened the debate and said he has never witnessed such an ‘abject mess’ in all his time as an MP. He went on to say Theresa May ‘demeaned her office’ by postponing the vote, and later said he will table a no confidence motion ‘at the appropriate time’. Meanwhile, John Major delivered a speech to the Institute of International and European Affairs and called for Article 50 to be revoked immediately.

On the economic data front, UK wage growth (ignoring inflation) hit a ten-year high in the three months to October. Basic pay jumped by 3.3%, up from 3.2% the previous month. Total pay, including bonuses, was also up by 3.3%. The unemployment rate held steady at 4.1% in the three months to October, which leaves it extremely close to its lowest level since the 1970s.

In contrast to the first two days, there are no UK economic data releases on the schedule today. However, the current whirlwind surrounding Theresa May’s Brexit plans will certainly be enough to keep us all entertained. In fact, there is nothing on the schedule for the rest of the week as we begin the slow wind down to Christmas.

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