Industrial exports are the engine of developed economies. Ours has stalled
by Guardian Staff from on (#4N1YE)
Brexit-related recession looks ever more likely, and with their poor investment levels, UK firms are worse-placed than many to withstand the shock
Downing Street must add the likelihood of a UK recession to its list of possible scenarios after official figures showed that the economy contracted in the second quarter by 0.2%.
The prospect of a further decline in GDP in the third quarter, which would make a recession official and might be clearly on the cards before the 31 October Brexit deadline, should dominate the prime minister's deliberations.
UK companies have borrowed heavily since the crash, but most of the money was used to pay generous dividends, rather than being ploughed into new equipment
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