Home » General World News » There’s a coming storm set to ‘batter’ the UK economy — and it has nothing to do with Brexit

There’s a coming storm set to ‘batter’ the UK economy — and it has nothing to do with Brexit





FILE PHOTO: Used oil barrels are stacked at a storage facility in Seattle, Washington February 12, 2015.   REUTERS/Jason Redmond

  • Rising oil prices will drag on the British economy, creating a further headwind for the already weak UK.
  • The recent $10 per barrel increase in Brent crude “will subtract 0.2% from nominal GDP, provided that net consumption remains at the 2016 level.”
  • UK economy already suffering thanks to Brexit’s impact on the pound and the wider investment landscape.

LONDON — Brexit has been the main focal point of discourse around the UK economy over the last year or so.

Brexit has very clearly had a negative impact on growth and the UK’s position in global growth standings.

The pound has slumped, inflation has shot read more >>>

Source:: BusinessInsider.Com

Comments are closed.