Brexit delay adds another dimension of damage to UK economy

  • Economy
  • Thursday, 14 Mar 2019

LONDON: A delay to Brexit this week may be better than the alternatives, but that’s cold comfort for the U.K. economy.

Parliament voted Wednesday to rule out leaving the European Union without a deal, seen by most economists as the worst case. While another vote Thursday is likely to buy time for an orderly divorce, that would hurt, too, by prolonging the uncertainty for businesses and consumers. Investment decisions are already being put off, and more deferrals are likely.