U.K economy shrinks by 0.2% as Brexit bites

The British economy shrank in the second quarter of the year for the first time in 6 and a half years as a business investment we affected due to Uncertainties regarding Brexit. Brexit was supposed to be conducted in March but due to parliament’s rejection of withdrawal agreement signed with EU, Brexit is delayed till October. Due to the uncertainties regarding Brexit deal, companies have stopped stockpiling of products and this situation is burdening growth rate of the state.
Source: Marketwatch news

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