clearn.png
Tuesday April 23rd, 2019 2:36AM

British economy slows down sharply amid acute Brexit unease

By The Associated Press

LONDON (AP) — Official figures show that the British economy slowed sharply in the last three months of 2018 as uncertainties over Brexit intensified.

The Office for National Statistics said Monday that the British economy grew by a quarterly rate of only 0.2 percent during the fourth quarter, down from the 0.6 percent tick recorded in the previous three-month period.

Over 2018 as a whole, the British economy grew by 1.4 percent, its lowest rate since 2009 and the aftermath of the global financial crisis.

The British economy has largely held up better than many people expected in the immediate aftermath of the country's vote to leave the European Union in June 2016.

However, there's mounting evidence that as Brexit day draws nearer — March 29 — firms are getting increasingly edgy.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Economy
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Possible impeachment could further upend Virginia politics
Virginia lawmakers face the unprecedented prospect of impeachment as they struggle to address revelations of past racist behavior and allegations of sexual assault in the highest levels of power
4:55AM ( 12 minutes ago )
Iranians mark anniversary of victory day in 1979 revolution
Crowds of Iranians pour out onto Tehran streets, marking victory day in the country's 1979 Islamic Revolution
4:43AM ( 24 minutes ago )
Denver teachers prepare to strike over pay dispute
Denver teachers are planning to strike Monday for the first time in 25 years after failed negotiations with the school district over base pay
4:39AM ( 28 minutes ago )
Associated Press (AP)
Asian stocks rise ahead of new round of US-China trade talks
Chinese markets lead Asian stocks higher ahead of US-China trade talks
1:41AM ( 3 hours ago )
Michael Jackson estate: New film violates channel standards
The Michael Jackson estate has sent a letter to the U.K.'s Channel 4 warning that a documentary on men who accuse the singer of molesting them as boys violates the network's programming guidelines
12:24AM ( 4 hours ago )
Malaysian ex-PM Najib combative ahead of 1MDB graft trial
Former Malaysian Prime Minister Najib Razak is hardly lying low ahead of his corruption trial on charges related to the multibillion-dollar looting of the 1MDB state investment fund
10:43PM ( 6 hours ago )
AP Business
Hungary to give women with 4 or more kids life tax exemption
Hungary's anti-immigration prime minister says the government is greatly increasing financial aid and subsidies for families with several children
1:21PM ( 15 hours ago )
Average US price of gas jumps a penny per gallon, to $2.34
The average U.S. price of regular-grade gasoline is up a penny a gallon over the past two weeks, to $2.34
1:19PM ( 15 hours ago )
At Dubai summit, Pakistan premier warns of 'painful' reforms
Pakistan's Prime Minister Imran Khan says his nation needs 'painful' economic reforms to cut back on its massive debt just after meeting IMF chief
10:13AM ( 18 hours ago )
AP Business - Economy
Possible impeachment could further upend Virginia politics
Virginia lawmakers face the unprecedented prospect of impeachment as they struggle to address revelations of past racist behavior and allegations of sexual assault in the highest levels of power
4:55AM ( 12 minutes ago )
Iranians mark anniversary of victory day in 1979 revolution
Crowds of Iranians pour out onto Tehran streets, marking victory day in the country's 1979 Islamic Revolution
4:43AM ( 24 minutes ago )
Denver teachers prepare to strike over pay dispute
Denver teachers are planning to strike Monday for the first time in 25 years after failed negotiations with the school district over base pay
4:39AM ( 28 minutes ago )
Negotiations hit snag as shutdown deadline approaches
As the White House refuses to rule out the possibility that the federal government may shut down again, negotiators clash over whether to limit the number of migrants authorities can detain
4:39AM ( 28 minutes ago )
Spain's courts put to test by trial of Catalan separatist
Spain's Supreme Court is bracing to hold the nation's most sensitive trial in four decades of democracy this week with all eyes focused on its ability to stand up to concerted campaign by Catalonia's separatists to attack its credibility
4:30AM ( 37 minutes ago )