Log in

Register




Philip Hammond

Brexit uncertainty is depressing UK growth

Fri, August 10, 2018 14:09

LONDON, August 10, 2018 (News Wires) - Uncertainty over Brexit is depressing economic growth in Britain, finance minister Philip Hammond said on Friday after official data showed lacklustre year-on-year expansion.

"Clearly that uncertainty is having a depressing effect on economic growth," Hammond told broadcasters during a trip to central England to announce 780 million pounds ($996 million) of public investment in high-tech industry.

Brexit proposals set out last month by Prime Minister Theresa May should lead to economic growth broadly the same as if Britain were to stay in the EU, he added.

Hammond said that in the long run he wanted to see growth rates faster than the year-on-year expansion of 1.3 per cent recorded in the second quarter of 2018.

 

Tagged under

Comments (0)

There are no comments posted here yet

Leave your comments

Posting comment as a guest. Sign up or login to your account.
0 Characters
Attachments (0 / 3)
Share Your Location