LONDON – Official figures present that the British financial system slowed sharply within the final three months of 2018 as uncertainties over Brexit intensified.
The Workplace for Nationwide Statistics stated Monday that the British financial system grew by a quarterly price of solely 0.2 p.c through the fourth quarter, down from the 0.6 p.c tick recorded within the earlier three-month interval.
Over 2018 as an entire, the British financial system grew by 1.four p.c, its lowest price since 2009 and the aftermath of the worldwide monetary disaster.
The British financial system has largely held up higher than many individuals anticipated within the speedy aftermath of the nation’s vote to depart the European Union in June 2016.
Nonetheless, there’s mounting proof that as Brexit day attracts nearer — March 29 — corporations are getting more and more edgy.