British economy slows down sharply amid acute Brexit unease

Official figures show that the British financial system slowed sharply in the last three months of 2018 as uncertainties over Brexit intensified.

The Office for National Statistics stated Monday that the British financial system grew by a quarterly price of solely 0.2 % through the fourth quarter, down from the zero.6 % tick recorded within the earlier three-month period.

Over 2018 as an entire, the British financial system grew by 1.4 %, its lowest fee since 2009 and the aftermath of the global monetary crisis.

The British financial system has largely held up higher than many people anticipated in the fast aftermath of the country’s vote to go away the European Union in June 2016.

Nevertheless, there’s mounting proof that as Brexit day attracts nearer — March 29 — companies are getting more and more edgy.

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