Brexit: UK falls to last in G7 Growth

UK-Japan News September 2019

As reported by The Guardian on 30 August, the UK has fallen to the bottom of the G7 growth league table. Japan, meanwhile, saw a boost of 0.4%, behind only Canada and the United States. Experts believe the drop was caused by stockpiling in the lead-up to the original Brexit dead­line of 29 March, as well as weak car production. Firms are now probably stockpiling again on account of the government’s no-deal preparations, which could boost growth. But economic prospects once the UK leaves the European Union remain unclear.