Performance in the run-up to EU exit negotiations
In the run-up to the launch of negotiations on the UK’s exit from the EU the British economy has shown resilience. Yet a new study “ The Taming of the Brexit” suggests that higher inflation and wage slowdown could hit consumer spending. Uncertainty will weigh on investment. GDP growth could decline to +1.0% in 2018. Competitiveness gains from the weaker pound may be limited.