U.K. Economy 'Slacking' Before Brexit Vote, Reports BCC

The U.K. economy went into the referendum on European Union membership with little momentum, according to the British Chambers of Commerce. Growth was “uninspiring” in the run-up to the June 23 vote, the London-based lobby group said in its quarterly outlook published Tuesday. Services firms’ domestic and overseas sales fell, while a gauge of manufacturers’ sales expectations fell to its lowest level since 2012. BCC Interim Director-General Adam Marshall and GAM Group's Larry Hatheway discuss with Bloomberg's Anna Edwards and Manus Cranny on "Countdown."

U.K.'s May Calls for Two-Year Brexit Transition Period
28:43 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)
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