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UK warned growth will be ‘subdued’ as Brexit distracts Government
The UK economy is expected to see a period of subdued growth as household spending slows in the fact of higher inflation, according to the Confederation of British Industy (CBI). The business group has upgraded its growth forecast but is still warning that the economic growth will slowdown this year.
It predicts GDP will grow by 1.6% this year and 1.4% next year. In 2016 growth was at 1.8%. It blames Brexit, suggesting