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UK growth will 'slow down' as Brexit develops, says CBI

20-Jun-2017


Growth in the UK will "shift down a gear" over the next few years as Brexit talks unfold and consumer spending slows, the CBI says.

Slighly upgrading a previous forecast, the business group said it expected growth of 1.6% for 2017 and 1.4 for 2018. However, this equates to average quarterly growth of 0.3% - half the rate seen in 2013 to 2016.

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