UK economy 'faces prolonged weakness', Item Club report says

UK economy 'faces prolonged weakness', Item Club report says
 

Britain's economy faces a "prolonged period" of weaker growth as consumer spending slows and business curbs investment, according to a report.
Although the EY Item Club think tank predicts the economy will grow 1.9% this year, it expects that performance to fizzle out as inflation rises.
The economy's stability since June's Brexit vote was "deceptive", EY said.
Meanwhile, a senior Bank of England official told the BBC that inflation may surpass its 2% target.
In an interview to be broadcast on Monday, the Bank's deputy governor Ben Broadbent told Radio 5 live that... read more

 
17 October 2016 in Regional, Views: 52
Source: BBC
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