Stop Brexit 'circus', business urges as UK slashes growth outlook

Stop Brexit 'circus', business urges as UK slashes growth outlook

Britain’s finance minister and business chiefs on Wednesday urged the country to avoid a “no deal” Brexit after another crushing parliamentary defeat for Prime Minister Theresa May over her EU-divorce deal with Brussels. The fast-moving Brexit saga eclipsed the government’s budget update that slashed the 2019 economic growth forecast, with the UK economy also hit by China’s slowdown and trade war tensions. Britain’s economy is expected to expand by just 1.2 percent this year, down sharply from prior guidance of 1.6 percent, finance minister Phillip Hammond revealed in his budget update.

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Source:: Yahoo