6/10, 12:30 PM (Source: TeleTrader)
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Union leader O'Grady slams govt for Brexit chaos

"Industry is paying the price for the government's Brexit chaos," Frances O'Grady stated on Monday after official statistics for April showed the biggest fall in transportation equipment in the United Kingdom since 1974. "With plants like Ford Bridgend already closing, it’s time to get serious about the scale of the threat facing our economy. Politicians must do whatever it takes to stop a bad deal or a no-deal Brexit," the general secretary of the Trades Union Congress (TUC) said.

The narrower gauge of car production pulled back 24% month on month or the most on record, leading the downturn, and 44.5% on an annual scale. The measure has been tracked for 24 years. Manufacturing declined 3.9% – the worst print since 2002, and the gross domestic product contracted by 0.4%, landing in negative territory for the second time in a row. Industrial production fell 2.7%. The pound suffered only modest losses.

Breaking the News / IT