In the fog of Brexit uncertainty, UK GDP growth has been undermined
by lack of business investment
One of the confusing trends since the Brexit referendum vote can
be found in the official measure of national income or GDP. A
glance at the data since 2016 reveals a series of ups and downs
from quarter to quarter, and very little in the way of a trend.
The low points conform to the argument that Brexit was a
disaster for the economy, while the mini-recoveries play to the
Brexiters’ charge that “project fear” amounted to no more than a childish
scare tactic. This year has proved to be little different.
Stockpiling by businesses before the first Brexit deadline in March
boosted the first-quarter GDP number before a slump in the second
Source: FS – All-News2-Economy
Migrant labour has saved Britain from a post-referendum recession