Lost in the avalanche of Brexit Day/Brexit vote news yesterday was the fact that the UK economy grew at its slowest pace since 2012 last year, with just 1.4% growth. It was also the first full year of business investment decline since 2009.
aol.co.uk/news/2019/03/2…
At the same time, the GDP growth forecast for 2019 was cut to just 1.2% i.e. even grimmer than last year's poor figure "as a consequence of extended Brexit uncertainties weighing on business activities and investment in particular, as well as weakened global growth."
So next time people say to you "hey, the economy's doing fine despite Brexit", it *really* isn't. More people may be in low paid precarious jobs, but the underlying economy is in a terrible state. And then there's all the damage Brexit is causing...
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