Tommy Tainant
Diamond Member
Well there is an upside. Albeit a temporary one.
UK economy kept growing in February thanks to Brexit stockpiling - business live
Brexit stockpiling by nervous companies appears to have driven UK growth last month.
Industrial production jumped by 0.6% during February, driven by a 0.9% surge in manufacturing, today’s GDP report says.
The Office for National Statistics says it has seen “some qualitative evidence” that manufacturers have been boosting production ahead of Britain’s exit from the EU, saying:
Following a period of contraction, output in production and manufacturing has risen for the second month in a row, the latter driven by domestic demand. Manufacturing is now at its highest level since April 2008....
This was driven by pharmaceuticals, food products (including beverages) and chemicals, although it was partially offset by a fall in motor vehicle production.
UK economy kept growing in February thanks to Brexit stockpiling - business live
Brexit stockpiling by nervous companies appears to have driven UK growth last month.
Industrial production jumped by 0.6% during February, driven by a 0.9% surge in manufacturing, today’s GDP report says.
The Office for National Statistics says it has seen “some qualitative evidence” that manufacturers have been boosting production ahead of Britain’s exit from the EU, saying:
Following a period of contraction, output in production and manufacturing has risen for the second month in a row, the latter driven by domestic demand. Manufacturing is now at its highest level since April 2008....
This was driven by pharmaceuticals, food products (including beverages) and chemicals, although it was partially offset by a fall in motor vehicle production.
