UK faces economic challenge after Brexit

According to finance minister, Philip Hammond, Britain’s economy will suffer due to Brexit in the coming years. His plans to uphold the economy after the Brexit divorce process will likely help the economy to grow by 2.0 percent. However, he expects the growth to be weaker than he previously thought. He felt that the growth would return to 2.0 percent only by 2021. He intends to continue with his plan, ‘undeterred by any short term fluctuations.’

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