Can the Economy Overcome Heightened Brexit Uncertainties?

In their Autumn Forecast, EY discusses how heightened uncertainties over global trade and Brexit will fuel increased business and consumer caution.

When looking at the historic performance of the UK economy, the messages are not reassuring. The EY ITEM Club suggests that we are nearing the end of the growth cycle and may be running out of road.

Key points include:

- The UK economy is now expected to grow at 1.3 percent, rather than the 1.4 percent predicted in the summer.

- The uptick in real pay levels has weakened, and higher oil and utility prices are likely to squeeze consumer spending.

- Investment and trade are expected to remain under pressure and it is unlikely that Government spending, even with the promised reduced austerity, will be able to provide any noticeable boost to GDP growth this year.

Share this with your Community

DOWNLOAD INSIGHT

Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

Inspiring Leaders Podcast: Wh...

Matthew Blagg, CEO for Criticaleye, joins Marketing and Communications Director Julia Brook for the first Inspiring Leaders podcast for 2026. They take a look at some of the lessons for leaders last year, and examin...

Inspiring Leaders Podcast: Na...

Dave Wilson, Chair of LBG Media (LADbible) and Knights plc, joins Criticaleye’s Senior Editor Jacob Ambrose Willson to explore how Boards and executive teams can successfully navigate today’s capital markets...

Driving Growth and Value as C...

Ithaca Energy has developed into a major player in the North Sea oil industry during Iain Lewis’ three years as CFO. In this interview with Criticaleye, he discusses the company’s IPO in 2022, its M&A st...