The UK economy 'limped' into the new decade as the UK heads towards Brexit
The UK economy 'limped' into the new decade after growth slowed down in the final three months of 2019.
The BCC carried out a poll of UK 6,500 companies at the end of 2019, in order to gauge the health of the economy. The BCC estimated that growth slowed from 0.3% in the third quarter to 0.2% in the final three months of 2019, amid severe uncertainty over Brexit and the December general election. "The fourth quarter was characterised by a broad-based slowdown in the dominant services sector with all key indicators weakening in the quarter, amid sluggish household expenditure and crippling cost pressures."
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