Connect with us

Brexit

#Brexit uncertainty is depressing UK growth - #Hammond

SHARE:

Published

8 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

Uncertainty over Brexit is depressing economic growth in Britain, Chancellor Philip Hammond (pictured) said on Friday (10 August) after official data showed lacklustre year-on-year expansion, write David Milliken and Kylie MacLellan.

“Clearly that uncertainty is having a depressing effect on economic growth,” Hammond told broadcasters during a trip to central England to announce 780 million pounds of public investment in high-tech industry.

Brexit proposals set out last month by Prime Minister Theresa May should lead to economic growth broadly the same as if Britain were to stay in the EU, he added.

Hammond said that in the long run he wanted to see growth rates faster than the year-on-year expansion of 1.3 percent recorded in the second quarter of 2018.

Share this article:

Share this:
Related Topics:
Guest Contributor - Opinion

Opinions expressed are purely those of the author and not endorsed by EU Reporter. The article was unsolicited by EU Reporter, and the author guarantees the truthfulness of the contents of the article. No payment was made by EU Reporter to the author

EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending