Official figures show that the British financial system slowed sharply in the final three months of 2018 as uncertainties over Brexit intensified.
The Office for National Statistics stated Monday that the British financial system grew by a quarterly price of solely zero.2 % through the fourth quarter, down from the 0.6 % tick recorded within the earlier three-month period.
Over 2018 as an entire, the British financial system grew by 1.4 %, its lowest price since 2009 and the aftermath of the worldwide financial crisis.
The British financial system has largely held up higher than many individuals anticipated within the fast aftermath of the nation’s vote to go away the European Union in June 2016.
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Nevertheless, there’s mounting evidence that as Brexit day attracts nearer — March 29 — companies are getting more and more edgy.