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UK exports dissapoint, GBP falls by 18% as economy limps to end of weak H1

Car production suffers biggest quarterly fall since 2011

Reuters  |  London 

Britain's economy put in a weak performance in June when declines in car manufacturing, construction and exports gave an uninspiring end to the weakest first half of any year since 2012. A year after Britain voted for Brexit, there is still little sign that exporters have gained much by way of competitiveness from the fall in the value of the pound after referendum. The Bank of England has said it is counting on a recovery in exports to help lift growth in the economy. "This is a disappointing set of data for a country that has recently seen an 18 per cent fall in ...

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First Published: Thu, August 10 2017. 18:17 IST