UK economy shrinks in April as car plants close on Brexit expectation
Britain’s economy contracted sharply in April after the biggest decline in car production since records began
10 June 2019 - 16:39
London — Britain’s economy contracted sharply in April after the biggest decline in car production since records began, as manufacturers were unable to reverse closures planned for Britain’s expected departure from the EU.
Early in 2019, many motor manufacturers had announced temporary shutdowns in Britain for April, anticipating trade disruption around the time Britain was due to leave the EU on March 29. In the event, Prime Minister Theresa May delayed departure with just days to go and subsequently set a new date of October 31, but that was too late for businesses to change their plans. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.