Hamish McRae: 'Global trade tensions could be new normal'

Hamish McRae
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The European economy has pretty much ground to a halt - and this has very little to do with Brexit. If, however, the Brexit negotiations go badly, then the sky darkens - and not just across Europe.

We have just had some poor figures for the UK in the final quarter of the year. The particularly shocking element was that the economy seems to have shrunk in December.