Growth slumps to lowest in two years as businesses panic over Brexit

[AtW]

The economy risks grinding to a halt as Brexit panic grips businesses, with new data showing activity slowed sharply in November.

GDP growth could be slashed to just 0.1pc in the final quarter of the year as a result, tumbling from 0.6pc in the previous three months.

The purchasing managers’ index (PMI) from IHS Markit slowed to 50.4 last month, down from 52.2 in October to the worst score since the aftermath of the referendum in 2016. Any score above 50 indicates growth, so this suggests stagnation across the biggest part of the economy.

Economists had expected the PMI to rise to 52.7 in a modest acceleration of growth.

Growth slumps to lowest in two years as businesses panic over Brexit

[Old Greg]

The economy risks grinding to a halt as Brexit panic grips businesses, with new data showing activity slowed sharply in November.

GDP growth could be slashed to just 0.1pc in the final quarter of the year as a result, tumbling from 0.6pc in the previous three months.

The purchasing managers’ index (PMI) from IHS Markit slowed to 50.4 last month, down from 52.2 in October to the worst score since the aftermath of the referendum in 2016. Any score above 50 indicates growth, so this suggests stagnation across the biggest part of the economy.

Economists had expected the PMI to rise to 52.7 in a modest acceleration of growth.

Growth slumps to lowest in two years as businesses panic over Brexit

That is because Brexit hasn't happened yet. As soon as it does, the economy will experience a jam, tea and biscuit led export boom. The Tory Brexiteers have said it so it is the patriotic truth.

[DimPrawn]

That is because Brexit hasn't happened yet. .

This ^

We are still trading with the EU and it isn't adding any value.

Hard Brexit, new trade deals with the rest of the World. Bring it on FFS!

[Old Greg]

This ^

We are still trading with the EU and it isn't adding any value.

Hard Brexit, new trade deals with the rest of the World. Bring it on FFS!

The economy will boom in GBP terms.

[DimPrawn]

The economy will boom in GBP terms.

I get paid in GBP, so all good mate.

[Old Greg]

I get paid in GBP, so all good mate.

Get a wheelbarrow from MF's tatteria.

[AtW]

This ^

We are still trading with the EU and it isn't adding any value.

Hard Brexit, new trade deals with the rest of the World. Bring it on FFS!

What a guy!

:kipper

[AtW]

I get paid in GBP, so all good mate.

What if you don’t get paid, then what, find a new job in EU?

[DimPrawn]

What if you don’t get paid, then what, find a new job in EU?

I'm a world leading bulltulipter, my future is secure post-Brexit.

[AtW]

I'm a world leading bulltulipter, my future is secure post-Brexit.

Yes, in a secure mental hospital - you will share room with Napoleon