Britain now 'perilously close' to recession as Brexit uncertainty reigns

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The UK might, by the skin of its teeth, avoid entering recession when the official figures come out next month.

There’s good news – sort of – with official figures showing that in July the economy grew a tiny amount.

According to the Office for National Statistics, Britain was 0.3% more productive than in the same month the year before.

Construction, manufacturing and the all-important services sectors all grew, although agriculture fell. 

Thanks to this growth it means the UK economy produced exactly the same amount as the year before over three months.

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