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Dec 5 2017, 07:25 GMT
Concerns abound regarding the durability of the UK economy in the coming years as the transition to Brexit occurs. Key to this is the fate of the UK consumer – previously the driver of GDP growth. In 2018, consumer spending is set for its weakest gain in nearly a decade. However, the twin threats of declining real incomes and rising rates to an increasingly leveraged household sector mean that the risks are firmly tilted to the downside.