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Brexit Anxiety Hampering UK Economy

Brexit anxiety has brought the UK economy to a near standstill, as the latest snapshot of the services sector, published by IHS Markit, shows that the level of optimism among UK businesses has fallen to its lowest since the financial crisis.

The survey covered hotels, banks, restaurants and similar industries, and shows that growth has been subdued in recent months, with companies putting their spending decisions on hold because of uncertainty surrounding the arrangements for the UK to depart from the EU.

GDP growth is stalling, and the PMI shows lower demand as consumers are spending less even during winter... Read More

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