British factory orders slid in June against a backdrop of Brexit uncertainty, an...
LONDON - British factory orders slid in June against a backdrop of Brexit uncertainty, and manufacturing output in the second quarter looks on course for its weakest performance in three years, the Confederation of British Industry said on Wednesday.
The production index for the three months to June dropped to its lowest since the three months to April 2016, hit by sharp falls in car production this April. Britain is now due to leave the EU on Oct. 31, and former foreign secretary Boris Johnson — the leading contender to succeed Prime Minister Theresa May — says he is open to leaving without a deal if the EU will not renegotiate.
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