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Growth has stalled. How bad are things in the British economy?

First published: 14-02-2020

Britain stands at an economic crossroads. At the end of this month, the UK will formally leave the EU, and the government will have six months, in effect, to reach some sort of agreement with the EU negotiators about a future trade agreement. That agreement will have to be signed off by the end of the transition period, 31 December. News from the Office of National Statistics (ONS) yesterday that the economy shrunk by 0.3 per cent in November, and was weaker in the three months to November than at any time since the spring of 2012 made for a distinctly uncomfortable backdrop for these next crucial months. How bad are things in Britain’s economy? Read on……