British Chambers of Commerce sees continued stifled business investment in 2018

More from the UK, this time the BCC quarterly update to its economic outlook

BCC economist Suren Thiru

• "Continued uncertainty over Brexit and the burden of upfront cost pressures facing businesses is likely to stifle business investment, while falling real wage growth is expected to continue to weigh on consumer spending"

BCC GDP forecasts

• 2017 1.5% (from the 1.6% forecast issued in Q3)
• 2018 1.1% (1.2%)
• 2019 1.3% (1.4%)