The British economy shrank in the month after Britain voted to leave the European Union, according to the National Institute of Economic and Social Research.
Growth probably slowed to 0.3 per cent in the three months to the end of July from 0.6 per cent in the second quarter, the London-based think tank said in a statement this afternoon. That suggests gross domestic product contracted 0.2 per cent in July alone.
The forecast indicates a “marked economic slowdown,”...
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