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UK enters shock economic downturn ahead of Brexit, first since 2012

WorldNews Friday, 9 August 2019 ()
UK enters shock economic downturn ahead of Brexit, first since 2012LONDON — Britain’s economy shrank for the first time since 2012 in the second quarter, a severe hangover from a pre-Brexit stockpiling boost and one that bodes poorly as Prime Minister Boris Johnson gears up to leave the EU in October. Sterling slid to a new 31-month low against the dollar after data showed output in the world’s fifth-largest economy fell by 0.2% in the three months to June compared with the previous quarter, below all forecasts in a Reuters poll of economists that had pointed to a flat reading. With Johnson’s government committed to leaving the European Union on Oct. 31, regardless of whether he can secure a transition deal to avoid trade disruption,...
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News video: Dominic Raab has launched a new UK partnership with Mexico

Dominic Raab has launched a new UK partnership with Mexico 00:44

A new partnership with Mexico could be a “win-win relationship” for the UK, Dominic Raab has claimed, saying he is “determined to seize the global opportunities beyond Europe” after Brexit. The Foreign Secretary has launched a new partnership with Mexico on Thursday aimed at boosting economic...

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