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Revving up the economy is more important than a double dip November s 2.6pc contraction was less severe than expected, but GDP remains at 2013 levels - 8.5pc lower than the pre-pandemic peak 15 January 2021 • 10:26am An adapted version of Bill Clinton campaign guru James Caville’s famous dictum - “it’s the economy, stupid” - is useful to keep in mind when approaching Friday s growth figures. The lower than expected 2.6pc decline in GDP for November is good as far as it goes, in showing the relative resilience of businesses adapting to life under lockdown. Manufacturers were stockpiling for Brexit, while construction is the star of these figures with a big boom in housing activity - probably due to the Chancellor’s generosity on stamp duty. ....