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|Fears of British economic recession|
|作者：佚名 文章来源：BBC News 点击数：10 更新时间：2019/12/21 (第13教学周)|
Britain's economy has grown at the slowest annual rate in almost a decade, according to official figures, but has avoided going into recession. GDP, which measures all goods and services produced, increased by 0.3% between July and September, slightly below market expectations. Our economics editor, Faisal Islam, has the details.
At this warehouse for a top tyre fitter in Peterborough, business remains resilient, even as the impact of a world of economic uncertainty can be felt. like the economy generally, the consumer is holding up, but fears about supply disruption and price rises linked to Brexit have held back investment.
A lot of the supply into our business comes from Europe or further afield, so the strength of the pound's important to us in terms of how we can give a good-value price to the customers, and that's certainly something that's putting pressure on us at the moment.
The last quarter's figures showing the economy shrinking by 0.2% between April and June brought fears of recession - if the latest quarter had again been negative. So today's figure of plus 0.3 does bring some relief. But 0.3% is slow by historical standards, and when compared with the same period last year. Take that number back a decade or so, and it represents the slowest economy over a year since the aftermath of the financial crisis at the beginning of 2010.
"Today's growth numbers are a very welcome sign, I think, of the strong fundamentals of the UK economy."
"0.3 is not strong, Chancellor."
Sajid Javid, Britain's chancellor of the exchequer: "Well, it is, actually, in a global context it is a strong number. If you look at what's been happening with some of our biggest competitors around the world, Germany, Italy and France, we're growing faster than most of our G7 competitors, and, of course, we are exposed to what happens across the world."
The big pitch here - that the uncertainty will end with the Prime Minister's new Brexit deal. But the Chancellor partly acknowledged the Bank of England's assessment that the deal will lead to new customs checks.
"It's a good deal. It gives us a new economic partnership with our friends in Europe."
"Customs checks, says the Bank of England."
"With our European friends, the whole of the UK will leave as its own customs territory, and yes, there will be as the UK, when we trade with the EU, there will be some changes, but it also means there're opportunities."
The man who wants Mr. Javid's job after the election took the opposite view and defended Labour's plans to hold another referendum.
"No one can be pleased with these figures. It's a worrying trend within our economy, and I worry about what Labour will inherit when we go into government. But it does mean that when Labour goes into government, we need the investment that we promised."
"Surely businesses won't invest if that uncertainty is prolonged."
"I think what businesses want is an exact, clear plan about how we go forward, which is about re-negotiation, a referendum and then reunite the country."
Other opposition parties retread similar criticisms.
This is a terrible picture of wilful mismanagement. It is affecting people in their homes, and it's affecting people's livelihoods.
It's not just that the economy is growing slowly. International investors are losing confidence in the British economy based on Boris Johnson's Brexit plans.
There is a slow puncture in the economy arising from poor investment, if not an actual flat tyre - the election offering rather different ways to patch that up. Faisal Islam, BBC News.
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