LONDON - The British economy expanded by a solid quarterly rate of 0.5% in the first three months of the year as firms geared up for the long-anticipated Brexit date, official figures showed Friday. Much of the growth reported by the Office for National Statistics appears to have been due to firms stockpiling raw materials and products ahead of Britain's scheduled departure from the EU on March 29, a deadline that's since been delayed to Oct. 31. Overall growth, which was in line with most predictions, was up from 0.2% in the previous quarter. Manufacturing output expanded by a hefty 2.2% during the quarter, a sign that businesses were...
Keep on reading: Stockpiling boosted UK economy ahead of initial Brexit date
from INQUIRER.net http://bit.ly/2H9CmxM
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