UK economy stumbles as Brexit looms
Quarterly growth slips to 0.2% in final quarter of 2018, and monthly growth turns negative in December
The Bank of England’s bleak assessment of the outlook for the UK economy was reflected today (February 11) in the latest growth figures published by the Office for National Statistics (ONS).
Growth was just 0.2% quarter-on-quarter and 1.4% year-on-year in the final quarter of 2018, the figures show. The last time the annual growth figure was this low was 2012, and the last year it was lower was 2009, at the deepest point of the Great Recession.
BoE officials had warned on February 7 that the
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