Last week the Office for Budget Responsibility reduced its growth forecast for the UK for 2019 to 1.2% and on Monday, the British Chambers of Commerce (BCC) followed suit and now predicts the same rate of growth. More importantly, the BCC expects investments to fall by 1.0% even in the case of an orderly Brexit because the preparations for a yet unknown exit from the EU diverts resources from productive use.
The cost of Brexit revisited
The cost of Brexit revisited
The cost of Brexit revisited
Last week the Office for Budget Responsibility reduced its growth forecast for the UK for 2019 to 1.2% and on Monday, the British Chambers of Commerce (BCC) followed suit and now predicts the same rate of growth. More importantly, the BCC expects investments to fall by 1.0% even in the case of an orderly Brexit because the preparations for a yet unknown exit from the EU diverts resources from productive use.