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British trade minister says Brexit is not the only reason for GDP slowdown

Credit: Reuters Studio
Published on February 11, 2019 - Duration: 01:09s

British trade minister says Brexit is not the only reason for GDP slowdown

Britain's economic slowdown should not be blamed entirely on Brexit, British Trade Minister Liam Fox said on Monday after data showed the economy last year grew at its slowest since 2012.

Rough cut (no reporter narration).

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British trade minister says Brexit is not the only reason for GDP slowdown

ROUGH CUT.

NO REPORTER NARRATION Britain's economic slowdown should not be blamed entirely on Brexit, British Trade Minister Liam Fox said on Monday (February 11) after data showed the economy last year grew at its slowest since 2012.

With just six weeks to go before Britain's scheduled departure from the European Union on March 29, Fox dismissed the chances of another popular vote that could overturn Brexit and also dismissed ideas put forward by opposition leader Jeremy Corbyn.

Fox was in Switzerland to sign a continuity trade deal with Swiss Economy Minister Guy Parmelin, to ensure trading relations can continue with as little disruption as possible if Britain leaves the European Union on March 29 without a deal.

About 12 percent of Britain's trade was currently covered by EU free trade deals, and Switzerland accounted for about a fifth of that, he said.

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