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There's now clear proof the threat of no deal Brexit is hurting the UK economy

There's now clear proof the threat of no deal Brexit is hurting the UK economy
Reuters



UK economic growth slowed sharply at the end of 2018, official data show.




The British economy grew just 0.2% in the final quarter of 2018, as businesses continued to stifle investment against a background of Brexit-related uncertainty.




On an annual basis, the ONS said that the economy grew 1.4% in 2018, the lowest growth since 2012.



Economic growth in the UK slowed to just 0.2% in the final quarter of 2018, according to the Office for National Statistics, as businesses continued to stifle investment against a background of Brexit-related uncertainty, and the potential for a no deal exit from the European Union.
2018's final GDP figure is the second lowest reading for the UK economy since it contracted in the fourth quarter of 2012.
The final quarter of 2018's number was only beaten by the 0.1% growth witnessed in the first quarter of last year. Growth in the third quarter of 2018 was 0.6%.
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