The approach of Brexit has wiped out the growth in uk

To London The british economy declined for the first time since 2012. All the economic indicators are not yet in bern, but this signal about the growth is a

The approach of Brexit has wiped out the growth in uk

To London

The british economy declined for the first time since 2012. All the economic indicators are not yet in bern, but this signal about the growth is a warning, which is triggered by the preparations for "Brexit" without an agreement. According to estimates published on Friday by the ONS, the Office for national statistics, the gross domestic product (GDP) in the United Kingdom fell by 0.2 % in the second quarter. The services sector has provided the only positive contribution (0.8 percent), but this has not been enough to offset the contraction in the manufacturing sector, down 2.3 %.

These figures are the first since Boris Johnson became prime minister, vowing to take out Britain to the EU before 31 October, with or without an agreement. And if the Brexit and the uncertainty related to the conditions of exit from the EU had so far not had a significant impact on the british economy, this contraction is the first sign of the consequences ...

Updated Date: 14 August 2019, 00:00

Kathleen Lees

Lees


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