Recession fears grow as UK economy shrinks on back of Brexit chaos

A 0.2% contraction between April and June is first fall in GDP in six and a half years

Fears that the UK could be heading for its first recession in a decade have been stoked by grim official figures showing that the economy contracted in the second quarter of 2019.

Brexit uncertainty, car plant shutdowns and the running down of stock built up before the original end of March deadline for Britain’s EU exit resulted in gross domestic product shrinking by 0.2% in the three months ending in June.

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