Two days after the Brexit Secretary’s incendiary article in the Mail on Sunday, European Union leaders have initiated their own political and diplomatic offensive against Britain’s new Tory government.
One swallow doesn’t make a summer, so the old saying goes. For the warm middle months of the year, the British economy looked remarkably frosty, chilled by fears over a no-deal Brexit, until the Office for National Statistics (ONS) reported a surprisingly strong month for growth in May.
British firms are ‘praying for an extension to article 50’ rather than face a no-deal Brexit as it emerged that foreign investment has fallen steeply and the outlook for growth has slumped to a six-year low.
Northeast England would suffer the biggest decline in economic output of any UK region by the middle of the 2030s if the country leaves the EU without a deal, according to an analysis of government figures by Britain’s leading business lobby group.