The UK economy shrank by 0.2 % in Q2 2019 , slightly worse than the predicted 0 % , according to the Office for National Statistics . The decline followed speculation of a recession , sparked by Brexit and the wider global slowdown . JJ It followed earlier growth # ##s from the Bank of England 's Monetary Policy Committee , while economists anticipate a cut to interest rates before Christmas .
The UK economy shrank by 0.2 % in Q2 2019 , slightly worse than the predicted 0 % , according to the Office for National Statistics . The decline followed speculation of a recession , sparked by Brexit and the wider global slowdown . It followed earlier growth # ##s from the Bank of England 's Monetary Policy Committee , while economists anticipate a cut to interest rates before Christmas .