Article 48Y07 Hammond’s Brexit ‘dividend’ claim rejected as UK economy stalls

Hammond’s Brexit ‘dividend’ claim rejected as UK economy stalls

by
Richard Partington Economics correspondent
from Economics | The Guardian on (#48Y07)

Chancellor's claim undermined as rapid slowdown in GDP growth is revealed

Philip Hammond's claim that Britain can reap an economic dividend from Theresa May's Brexit deal has been flatly rejected by MPs, as official figures confirmed the UK has suffered its worst year for GDP growth since 2012.

In a highly critical report, the Treasury select committee warned that the chancellor's claims of a "deal dividend" if Britain avoided a no-deal exit lacked credibility.

Related: Manufacturing slump puts UK economy into reverse as Brexit looms

Related: Britain's Brexit slump will be quietly cheered in some quarters | Larry Elliott

Related: Manufacturing slump puts UK economy into reverse as Brexit looms

Related: UK signs Brexit trade continuity deal with Switzerland

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments