UK economy

UK consumer spending set for weakest growth in a decade

DAVY VIEW

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.

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Dec 5 2017, 07:25 GMT

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