British economy shrinks as car factories plan to shut down
London, The British economy shrank in April amid a dramatic decline in car production ahead of the original Brexit deadline, according to official figures.
According to the Office for National Statistics (ONS), the economy plunged by 0.4 percent in April comparing to 0.1 percent from a month earlier as car factories across the country launched a wave of planned shutdowns to avoid any disruption that could have been unleashed by a no-deal Brexit.
Growth in three months to April slowed to 0.3 percent from 0.5 percent in the first quarter of 2019.
Cars production fell 24 percent during the month, the largest since data was recorded in 1995, and the largest sector of transport equipment recorded the biggest drop since 1974.
Source: Jordan News Agency