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MercoPress, en Español

Montevideo, December 23rd 2024 - 10:56 UTC

Tag: UK economic growth

  • Saturday, October 27th 2018 - 08:39 UTC

    A no Brexit deal will slow sharply UK economic growth, says think tank

    Expectations of a boost for public spending in next week’s Budget have been fuelled by PM Theresa May’s recent declaration that the end of austerity is in sight

    A no-deal Brexit could slam the brakes on the UK’s economic growth, wiping out Chancellor Philip Hammond’s hopes of boosting public spending, a think tank has said. If the UK fails to reach a withdrawal deal with the EU and moves on to World Trade Organization (WTO) rules next March, GDP growth can be expected to slow sharply from 1.4% this year to 0.3% in both 2019 and 2020, said the National Institute of Economic and Social Research (Niesr).