News

GDP flatines: figures highlight importance of closer UK-EU trading relationship

The UK economy unexpectedly flatlined for the second month in a row. 

The Office for National Statistics (ONS) have, this morning, said that GDP recorded no growth in July, falling short of the 0.2% growth expected by economists. 

This is the second consecutive month of zero growth. 

Best for Britain advocates the 114 recommendations published by the cross-party UKTBC last year and which are designed to remove barriers to growth, get inflation falling and the economy growing.

Tom Brufatto, Director of Policy at Best for Britain said, 

“These disappointing figures highlight the importance of achieving economic growth through a closer trading relationship with our European neighbours. 

“This trend of economic stagnation will go on until unnecessary trade barriers contained in the current Brexit deal are removed, starting with beneficial regulatory alignment with the EU.”