The UK economy is expected to slow to the weakest in a decade amid ongoing Brexit negotiations , according to the British Chambers of Commerce ( BCC ) . “The significant costs, diversion of resources and loss of business that many firms have had to incur to protect themselves against a possibility of no-deal Brexit and the lack of clarity over the UK’s future relationship with the EU is likely to limit the expected improvement in economic output as Brexit uncertainty eases. The business community downgraded its growth rate for 2019 to 1.2 % from 1.3 % and for next year to 1.3 % from 1.5 % , citing Brexit and slow worldwide economic growth . Business investment is also expected to drop 1 % this year , the BCC said .
The UK economy is expected to slow to the weakest in a decade amid ongoing Brexit negotiations , according to the British Chambers of Commerce ( BCC ) . The business community downgraded its growth rate for 2019 to 1.2 % from 1.3 % and for next year to 1.3 % from 1.5 % , citing Brexit and slow worldwide economic growth . Business investment is also expected to drop 1 % this year , the BCC said .