Path 27

UK economy shrank as Brexit deadline disrupted manufacturing

Path 27

LONDON (AP) — Britain’s economy got off to a poor start in the second quarter, shrinking by 0.4% in April compared to the previous month, as the country felt the impact of preparing for a now-delayed departure from the EU.

The main drag in the figure reported by the Office for National Statistics was a plunge in manufacturing output. Car production fell 24% as automakers brought forward summer shutdowns to avoid any disruption from the March 31 Brexit, which has been delayed to Oct. 31.

Meanwhile, the Department of International Trade says it has secured a preliminary free trade agreement with South Korea to ensure the companies can keep trading freely after Brexit.

The department says some 99% of British exports to Korea were eligible to be exported tariff free last year.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



loading

We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Path 27
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




loading

Conversation