Theresa May's legacy is an economy transfixed by Brexit
by Richard Partington from Economics | The Guardian on (#4G0VE)
While stockpiling gave growth a boost, uncertainty is delaying investment and pay increases
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The economic legacy left by Theresa May includes a country transfixed by Brexit and treading water amid the uncertainty, with the escalating risk of a no-deal withdrawal sapping the economy, according to a Guardian analysis.
In a reflection of Britain's rudderless political situation, the prime minister hands over an economy that has benefited from a boost in stockpiling activity and is at record levels of employment, but has been starved of longer-term investment with companies holding back from spending on capital projects and refraining from making stronger pay settlements for British workers.
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