Philip Hammond’s claim that Britain can reap an economic dividend from Theresa May’s Brexit deal has been flatly rejected by MPs, as official figures confirmed the UK has suffered its worst year for GDP growth since 2012.
In a highly critical report, the Treasury select committee warned that the chancellor’s claims of a “deal dividend” if Britain avoided a no-deal exit lacked credibility.
The criticism came after data on Monday showed the economy grew by just 0.2% in the final three months of 2018, down from 0.6% in the third quarter. The fourth-quarter figures contained signs of an even sharper slowdown, with the economy posting a decline of 0.4% in December amid signs that…
This is only a snippet of a Business Article written by Richard Partington Economics correspondent
Read Full Article
This Content is Generated from RSS Feeds, if your content is featured and you would like to be removed, please Contact Us With your website address and name of site you wish to be removed from.
You can control what content is distributed in your RSS Feed by using your Website Editor.