LONDON, Feb 11 — Britain’s economy saw zero growth in the final quarter of last year as manufacturing shrank heading into the country’s general election that unlocked Brexit, official data showed today. “There was no growth in the last quarter of 2019 as increases in the services and...
The Canary Wharf financial district is seen from the construction site of 22 Bishopsgate in London, June 25, 2019. — Reuters pic
“There was no growth in the last quarter of 2019 as increases in the services and construction sectors were offset by another poor showing from manufacturing, particularly the motor industry,” said Rob Kent-Smith at the Office for National Statistics .Britain finally departed the European Union on January 31 after Prime Minister Boris Johnson in December led the Conservative party to victory in national polls.
“In my budget, exactly one month from today, I’ll set out how we will move forward, with more ambition and new thinking, and empower our people and businesses so everyone has the opportunity to thrive,” Chancellor of the Exchequer Javid said. The British economy would expand by only 0.8 per cent this year, the BoE said last month, down sharply on its previous 1.2-per cent forecast.
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