Brexit fears slow British growth, hit consumers and businesses

Brexit fears slow British growth, hit consumers and businesses

Britain's economy suffered weakness on all fronts in the three months to June, with shoppers pinched by the pound's tumble, exports failing to fill the gap, and business investment frozen by Brexit uncertainty. The Office National Statistics confirmed on Thursday the economy grew 0.3 percent in the second quarter after 0.2 percent in the first -- adding up to the slowest growth for any major advanced economy since the start of 2017. The data showed negligible growth in household spending and flat business investment.


...Read the rest of this story

Britain wants EU to accept its data protection after Brexit

Britain said on Thursday it wanted to co-operate with the European Union over data protection and have its rules accepted by the bloc after it leaves. It proposed using an "adequacy" agreement -- whereby the European Commission recognizes the levels of protection provided by non-EU countries -- to ensure the flow of information vital to businesses and the police was not interrupted. In the latest in a series of papers outlining its aims in Brexit negotiations, the government said Britain had been a major player in setting EU data protection rules, called GDPR, which come into force next year.


...Read the rest of this story