Brexit extension intensifies damage to British economy

Britain’s protracted divorce from the EU is hurting the world’s fifth-largest economy as dwindling company investment, signs of a looming labour market shock, and poor productivity hinder growth, according to Goldman Sachs.

The UK was due to have left the EU on March 29, though prime minister Theresa May has been unable to get her withdrawal agreement approved by parliament. The new deadline is October 31, more than three years since the 2016 referendum.