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
- 15:12 Blackpool hotel pair on market for £3.25m
- 15:12 New ambulance response standards presented at AGM
- 15:12 WATCH: Free bags for dog waste on trial basis
- 15:12 'I woke up in a pool of blood': TV star Alicia Douvall claims...
- 15:10 Freemasons are next to join successful prostrate screening project...
- 15:09 Porter makes awards final
- 15:09 Tributes paid to Horncastle Civic Society founder
- 15:08 Coronation Street Steve McDonald star Simon Gregson is delighted to...
- 15:07 Ben Davies set to return for Tottenham’s clash with Liverpool
- 15:07 Is Storm Brian forecast to hit Coventry? What you need to know
- 15:07 Investigation finds water problems in Bolsover ‘caused by a digger’
- 15:06 Samsung Galaxy S9 release date, likely price and features
- 15:06 'She will be sorely missed' Family pay tribute to woman found dead...
- 15:06 Man was found in a disabled toilet with under age girl
- 15:06 Coronation Street star slams Lidl over 'sexist' children's pyjamas
- 15:05 Anger over Donald Trump's UK crime tweet
- 15:05 MP Clive Lewis sorry for 'unacceptable language' after video
- 15:05 Man was found in a disabled toilet with under age girl
- 15:05 Cumbrian auctioneer given lifetime achievement award
- 15:04 Weekend fixtures
- 15:01 REVEALED: The EU's £450TRILLION derivative market
- 15:01 Grimsby man jailed for stealing high-powered cars in series of...
- 15:01 Snowball effect...Pet guinea pig helps land school a ‘good’ report
- 14:59 Take part in survey on deafness and hearing loss
- 14:58 TV presenter takes to the battlefield
- 14:58 Chester council leader backs new cafe in bus interchange
- 14:58 From WiFi to a kitchen - Burnley FC's team coach helping the...
- 14:57 PlayStation Plus November 2017 update: Here's when free PS4 games...
- 14:56 Flybe plane forced to return to Birmingham after mid-air alert
- 14:55 PICTURES: Special sister act sees New Mills ‘nuns’ on the run -...