• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Business and Economics Business

UK To Endure Recession As Growth Forecasts Cut

The UK is set to endure another recession at the turn of the year with growth forecasts cut from 2.6 and 2.4 per cent three months ago respectively, to 0.4 per cent and 1.4 per cent today. “Severe confidence effects on spending and business” have been projected by the EY Item Club, with unemployment rising from 5 […]

Jack Peat by Jack Peat
2016-07-18 13:04
in Business, News
The London Economic

View of London

FacebookTwitterLinkedinEmailWhatsapp

The UK is set to endure another recession at the turn of the year with growth forecasts cut from 2.6 and 2.4 per cent three months ago respectively, to 0.4 per cent and 1.4 per cent today.

“Severe confidence effects on spending and business” have been projected by the EY Item Club, with unemployment rising from 5 per cent currently to 7.1 per cent by the end of 2019.

This will have a knock-on impact on household real disposable income, which is forecast to fall by 0.5 per cent in 2017.

Peter Spencer, chief economist advisor to the EY Item Club said the economy is set to suffer a severe loss of momentum in the second half of the year.

“Heightened uncertainty is likely to hold back business investment, while consumer spending will be restrained by a weaker jobs market and higher inflation. Longer-term, the UK may have to adjust to a permanent reduction in the size of the economy, compared to the trend that seemed possible prior to the vote,” Spencer said.

RelatedPosts

Solar panels could become mandatory on all new buildings in the EU

JVT misses knighthood ceremony for pandemic work…. because he has Covid

Watch: Reactions as another Liz Truss car crash interview hits the skids

Cummings reveals real reason why Govt wants workers back in the office

Tags: featured

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Report highlights ‘utterly devastating’ cases of sexual abuse in care homes

BANNED! Mikey (1992)

Prince Andrew sex abuse damages ‘could come from taxpayer’

Drug dealers mocked by cops who seized single cannabis plant being grown in tiny greenhouse

Women more likely to reveal intimate secrets to their hairdresser than anyone else

In pics: May Day rallies in Europe honour workers and protest at governments

Cause of death of Mum-of-three whose decomposing body was hidden in an airing cupboard will never be known

Occasions by Hakkasan: a new meal kit from the Michelin-starred London restaurants

Outrage as BBC Bitesize lists ‘positive impacts’ of climate change

Over 50 prominent MPs call on USA to block Tommy Robinson visit

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.