Today news
About the same in other media
How twin pressures of Brexit and raw material shortage damaged GDP
Reading now: 141
If the newly revised-down figures for Britain’s economic performance in the third quarter show anything, it is that consumers played the starring role in the recovery while the industrial sector struggled under the twin pressures of Brexit and global raw material shortages.
This should not come as a surprise. Ever since 2016’s narrow vote to quit the EU, businesses, and especially manufacturers, have failed to move out of second gear.
Disruptions to supply chains come and go – remember the chaos caused by Donald Trump’s trade battles with China – while Brexit is ever-present. Trade figures show a 8.8% fall in goods exports from July to the end of September, at a time when global trade was booming as coronavirus restrictions had eased.
France,
Read more on theguardian.comAbout this in other media
Crypto, Brexit and ‘expensive mistakes’: The most-read stories of 2021 fnlondon.com /2 years ago
Donald Trump golf resorts claimed at least £3.3m in UK furlough support theguardian.com /2 years ago
Poland’s president vetoes controversial media law following pressure from US euronews.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
