Home / Word News / UK economy will slow amid Brexit talks and pay squeeze, warns CBI

UK economy will slow amid Brexit talks and pay squeeze, warns CBI

Business group says growth will be subdued over the next two years but increases forecasts after strong 2016

Business group the CBI has warned the UK economy will shift down a gear as Brexit talks get under way and households are squeezed by rising prices.

However, the cautious outlook was accompanied by an increase in the CBI’s growth forecasts for this year and next, due to a stronger than expected performance in 2016 when the economy defied expectations to grow strongly in the wake of the vote.

Continue reading…

About admin

Check Also

Carillion crisis: Suppliers fear 'domino effect' of collapse – business live

Building industry warns that ‘innocent victims’ could suffer from Carillion’s collapse Latest: Interserve denies being …

Leave a Reply

Your email address will not be published. Required fields are marked *