LONDON — With Brexit less than eight weeks away, it’s becoming clear that the British economy is stalling as firms struggle with the uncertainty over what will happen. Hot on the heels of the news that carmaker Nissan is scrapping plans to build a new SUV in its plant in northeast England, a survey on Tuesday showed that the British economy as a whole is almost flat lining. Though the survey takes a snapshot of only one month, it provides a steer as to the economy’s momentum. That would likely mean new tariffs on British exports and serious disruption to trade between the two sides. According to the survey, firms in the services sector, the bedrock of the British economy, are particularly uneasy and increasingly reluctant to hire new staff.

Source: National Post February 05, 2019 09:45 UTC