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Britain's growth at a crawl amid Brexit chaos

https://www.standard.co.uk/news/politics/britains-growth-at-a-crawl-amid-brexit-chaos-a4063276.html
See More From: standard.co.uk   ( Top Stories > Uk )

Feb 11, 2019 6:15 AM 2+ mon ago

Britains growth at a crawl amid Brexit chaos

Chancellor Philip Hammond today admitted Britain's economy is being hit by Brexit as official figures showed growth has slowed to a crawl.

Mr Hammond sought to reassure business chiefs that the deadlock over Brexit will be broken within "weeks" -- as fears of a recession grew, especially if there is a no-deal departure on March 29.

GDP inched forward by only 0.2 per cent in the three months to December, down by two thirds on the robust 0.6 per cent seen during a summerquarter boosted by hot weather and the World Cup.

The data from the Office for National Statistics, with just 46 days to go until Brexit, was worse than City forecasts and sent the pound tumbling half a cent against the dollar.

Alarmingly, GDP fell 0.4 per cent during December when all the major economic sectors -- services, production and construction -- went ...

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