UK Economics

UK Economic Outlook

5 February, 2019

Waiting for the handbrake to be released

Brexit is a political crisis, not an economic one. While the extra uncertainty caused by Brexit has clearly hampered investment and consumption, the economy is fundamentally sound. There are still many different ways Brexit could play out and this document illustrates how the main ones will influence the economy. In our view, the most likely is that some kind of Brexit deal is agreed within the next six months and a lifting of the uncertainty allows economic growth to rebound later this year and

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