Brexit gridlock has dragged the UK economy close to stalling point as growing numbers of companies pause their spending plans, raising the risk of job losses in future, according to a Guardian analysis of developments over the past month. How has Brexit vote affected the UK economy? However, the chancellor also faces the risk that a no-deal Brexit could plunge the economy into recession and blow apart the public finances. Stockpiling has helped to prop up factory output, but growth in new orders has slumped, with firms blaming Brexit and the wider slowdown in the world economy. Writing in the Guardian, Andrew Sentance, another former MPC member, said: “The forward-looking indicators – productivity, trade performance, investment and job announcements – point to a further weakening in the UK economy.”

Source: The Guardian February 26, 2019 12:13 UTC