Market news
08.03.2017, 14:47

UK Office for Budget Responsibility expects GDP growth to slow during H1 2017 as inflation squeezes household budgets

  • Consumer spending growth cannot continue to outpace income growth by current margin indefinitely

  • Continues to have "no meaningful basis" to predict precise outcome of UK Brexit talks

  • Revised down forecasts for UK earnings growth from 2019 onwards due to lower profile for inflation and medium-term productivity growth

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