UK dismisses economic ‘gloom’, eyes Brexit boost ...Middle East

LONDON: Britain’s finance minister will dismiss “gloom” over the country’s recession-threatened economy and vow to tap into Brexit opportunities to bolster growth in a key speech on Friday.Jeremy Hunt will lay out his growth plan in London's City finance district, following recent criticism from the business community, and insist that the nation is not in long-term decline.“Declinism about Britain was wrong in the past -- and it is wrong today,“ Hunt will say, according to excerpts released by the Treasury.“Some of the gloom is based on statistics that do not reflect the whole picture.”The Bank of England and the UK government's own fiscal watchdog, however, believe that the economy has alre

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UK dismisses economic ‘gloom’, eyes Brexit boost ...Middle East

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