Business activity fails to recover as much as forecast from ‘beast from the east’
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The spectre of a disorderly Brexit is holding back the British economy from a full recovery after a heavy snowfall earlier this year, according to a Guardian analysis of economic developments over the past month.
Having been blown badly off-course by the “beast from the east” cold snap, the UK has only managed a muted rebound, raising fresh questions over the strength of the economy as the Brexit date draws nearer. The pound plummeted to the lowest levels this year after the Bank of England was forced to delay raising interest rates after weak economic data.