UK economic growth set to slow due to Brexit
The Government has admitted that economic growth is likely to be much slower than previously forecast after the UK voted to leave the European Union.
Chancellor Philip Hammond, giving his first Autumn Statement, said the Office for Budget Responsibility (OBR) now predicts the economy will grow by 1.4% in 2017, down from the 2.2% it predicted in March. And it expects growth to be 2.4% slower over the next five years as a result of Brexit.
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