The UK economy is expected to slow to the weakest in a decade amid ongoing Brexit uncertainty, according to the British Chambers of Commerce (BCC). Business investment is forecast to decline by 1.0% in 2019, which if realised would be the weakest outturn since the financial crisis in 2009. In its latest economic forecast, published on Wednesday, the BCC said that growth would be “disappointingly slow” this year and next, with GDP growing by just 0.3 per cent next year. Business investment is also expected to drop 1% this year, the BCC added.
The UK economy is expected to slow to the weakest in a decade amid ongoing Brexit uncertainty, according to the British Chambers of Commerce (BCC). In its latest economic forecast, published on Wednesday, the BCC said that growth would be “disappointingly slow” this year and next, with GDP growing by just 0.3 per cent next year. Business investment is also expected to drop 1% this year, the BCC added.