The economy expanded just 0.3% in May, and a slump awaits
One swallow doesn’t make a summer, so the old saying goes. For
the warm middle months of the year, the British economy looked
remarkably frosty, chilled by fears over a no-deal Brexit, until
the Office for National Statistics reported a surprisingly strong
month for growth in May.
The figures, released last week, were a glimmer of
hope that Britain might yet shrug off the worst of the Brexit cold,
which has laid the economy low over recent months as companies put
their investment plans on ice.
Source: FS – All-News2-Economy
Little hope for a summer bounce as no-deal fears drag down GDP growth