…more Brexit-related economic gloom:
"Figures show the UK economy has stalled since the spring as the prospect of no deal has grown. Last month construction industry output “dropped like a stone” to give its worst performance in more than 10 years, and the manufacturing industry recorded the sharpest drop in factory output for more than six years.
The Bank of England governor, Mark Carney, said a broad range of economic indicators “point to no growth in UK output” and the situation would worsen if the eventual outcome was no deal.
Speaking in Bournemouth to the Local Government Association annual conference, Carney said global markets had become deeply worried by the impact of Brexit and Donald Trump’s threats of more and higher trade tariffs against China, the EU and India.
He said the prospect of higher tariffs, possibly lasting for many years, had forced global investors to seek safe havens for their funds, restricting the money available for investment.
The Guardian, 3 July 2019
Frog in a tree