British economy suffers 'notable slowdown'

money.cnn.com ^ | July 26, 2017 | Charles Riley

[Berlin_Freeper]

Britain's economy grew by just 0.3% in the second quarter, confirming fears of a marked slowdown as the country prepares to exit the European Union.

The rate of growth over the previous quarter represents a slight improvement on the 0.2% expansion posted in the first three months of 2017. The official data matched the expectations of economists, but gave little cause for optimism.

"The economy has experienced a notable slowdown in the first half of this year," the Office of National Statistics said in a statement.

...Brits are saving the smallest share of disposable income in over 50 years. Credit card borrowing is at record high. Wages are stagnating and consumer confidence is crashing.

[Berlin_Freeper]

"Not all farmers are capable of going across the water to mainland Europe,"

[Cowboy Bob]

Maybe they should try cutting takes?

[Henchster]

Misleading headline.

From the article: Britain's economy grew by just 0.3% in the second quarter...0.2% expansion posted in the first three months of 2017.

The headline could just as easily be:

British Economy Improves by 50% in Most Recent Qtr as Brexit Gets Closer!

[sauropod]

cbkmk

[Berlin_Freeper]

...Brits are saving the smallest share of disposable income in over 50 years. Credit card borrowing is at record high. Wages are stagnating and consumer confidence is crashing.

...Brits are spending the largest share of disposable income in over 50 years. Credit card offering is at record high. Wages are stable and consumer confidence is advancing downward.

[lewislynn]

Sounds like they need to follow Merkel’s open borders, socialist, globalist lead and add more immigrants to the safety net...It’s so profitable, doncha know.