Article 3T09H Brexit economy: UK consumers continue to spend despite job fears

Brexit economy: UK consumers continue to spend despite job fears

by
Richard Partington
from on (#3T09H)

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Warm weather tempting shoppers to spend and inflation holding steady are keeping the British economy on an even keel, despite mounting fears of job losses from a hard Brexit, a Guardian analysis of economic developments over the past month shows.

Two years since voters narrowly opted to leave the EU, the Guardian's monthly tracker of economic news paints a mixed picture, with the biggest monthly fall in manufacturing output for five years eroding the benefits from a rebound in consumer spending. There have also been sharp warnings from major employers including Airbus and BMW over the risk to jobs and investment in Britain posed by a hard Brexit, while more than 100,000 people took to the streets of London last weekend to call for a second referendum.

Related: 'Brexit is scaring businesses to death' - experts debate the data

Related: How has the Brexit vote affected the UK economy? June verdict

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