Channel 4 News
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Brexit ‘volatility’ blamed as UK economy shrinks for first time since 2012
Posted
August 9, 2019
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11:03Now PlayingThe British economy has shrunk for the first time since 2012. GDP dropped by 0.2 per cent in the second quarter of, a fall blamed on 'increased volatility' about Brexit.
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The pound fell sharply on the news, hitting its lowest point against the dollar for almost 3 years - increasing fears that the economy could slide into a recession. But the Chancellor, Sajid Javid, told Channel 4 News he wasn't expecting any such thing. #Brexit #Economy
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