BCC Preparing For Underwhelming 2018 For the UK

Britain’s economy looks set for an underwhelming 2018, according to a major survey on Wednesday that showed businesses are in a subdued mood ahead of Brexit.Companies continued to grapple with cost pressures in the last three months of 2017 and were reluctant to invest more, the British Chambers of Commerce’s (BCC) Quarterly Economic Survey showed.The services sector, which represents the lion’s share of Britain’s economy, continued to expand at a subdued pace, the BCC said. Manufacturers did better than services firms, but still reported a slowdown in both domestic and export sales.

Source: UK economy set for ‘underwhelming’ 2018, says British Chambers of Commerce – Reuters

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