The economy shrank in July following the Brexit vote, according to an estimate from a think-tank.
The National Institute of Economic and Social Research said its model — used by policymakers including the Treasury — suggested that output fell 0.2 per cent compared with June.
Niesr’s Jack Meaning said this was “not on the scale” of falls seen after the 2008 financial crisis, where month-on-month contractions of 0.5 or above were common.
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