UK economy contracts in December as pre-Brexit slowdown bites - business live

The Guardian - Feb 11, 11:45 GMT

Economists blame Brexit uncertainty for a sharp slowdown at the end of 2018, but trade secretary points to ChinaLatest: Liam Fox said Chinese slowdown is to blameBREAKING: Growth slows to just 0

Economists blame Brexit uncertainty for a sharp slowdown at the end of 2018, but trade secretary points to China

UK trade secretary, Dr Liam Fox, has blamed China’s cooling economy for Britain’s weak growth, rather than Brexit.

“Clearly there are those who believe that Brexit is the only economic factor applying to the UK economy.

I think you’ll find that the predicted slowdown in a number of European economies is not disconnected from the slowdown, for example, in China”.

Here’s another neat chart from Rupert, putting the UK slowdown in context:

UK economic growth of 1.3%y/y in Q4 2018 puts it in the middle of the pack for those OECD countries that have reported thus far. Before we get too excited though, the pack is not exactly going great guns... pic.twitter.com/nE3jF1EV8S

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