UK manufacturers are in a bad way. Next week’s CBI survey is likely to say that companies are seeing falls in their order books and they expect output to fall in the next three months. One reason for this is that Brexit uncertainty, among other things, is depressing capital spending. But another is simply that external demand is still weak.
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Firing on two cylinders
The UK economy is weak because it is firing on only two cylinders. This might continue
Chris Dillow