UK Economics

UK Economic Outlook

18 July, 2018

Renewed momentum gives MPC the green light

With sustained rises in real wages now in prospect, real consumer spending growth should accelerate again. Of course, Brexit-related uncertainties and their economic effects could intensify over the coming quarters, particularly if Brexit turmoil results in a general election. In the absence of those developments, though, we remain cautiously optimistic that the UK economy will expand by 1.6% this year and by 2% or so in 2019 and 2020. Such a backdrop should allow the Monetary Policy Committee to

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