'False dawn' for UK economy at start of 2019

Howard Archer, chief economic advisor to the EY ITEM Club, said:"Delays to Brexit, a difficult domestic economic and political backdrop and slower global economic activity have resulted in a weaker outlook for UK GDP growth this year.

"There is also likely to be a hit to economic activity from some unwinding of the stockpiling that occurred in Q1." The EY ITEM Club report predicted that reflecting the weaker growth outlook and prolonged Brexit uncertainties, rates would remain on hold throughout 2019. The forecast is slightly above the outlook published by the Office for Budget Responsibility last month for the Chancellor's spring statement that GDP would grow by 1.2% this year.

But it’s only day 25 of Q1 ffs🤣

Jesus they been saying this since we have the vote.We just keep getting stronger and stronger as a economy.Less debt more jobs

And yet over here, under the much maligned Trump, our economy is booming!

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Brexit will slow UK economy for rest of 2019, forecaster warnsUncertainty over future will cut growth and prevent interest rate rise, says EY Item Club But what about the bus? What that actually means is that our incompetent and or obstructive MPs have caused a situation preventing businesses from planning for the future. I notice the economists saying negative things for the past 3 years have been consistently wrong.
Source: The Guardian - 🏆 84. / 53 Read more »