Economic Cycles - this one is going downhill

In the 3 months ending August the heavily re-jigged figure for total unemployment rose by 154,000 - the fastest rate for 17 years .

The total jobless provided by the Office for National Statistics is now 1.79 million and the national rate of unemployment rose to 5.7%, up from 5.2% in the previous quarter.

The number of people claiming Jobseeker's Allowance rose by 31,800 to 939,900 in September.

British manufacturing shrank in November at the fastest rate since the figures began being collected in 1992.

The Purchasing Managers' Index fell to 34.4 from October's figure of 40.7, which was both the lowest level and biggest fall recorded by the Index.

The Bank of England will reduce base rate on Thursday .... then what do they do ?