Business confidence stalls as new evidence shows UK growth fitting more reliant on consumer spendingNew doubts believe emerged over the UK’s economic outlook after new evidence that growth is reliant on household spending while manufacturers struggle with a strong pound and the fallout from a downturn in China.
UK economic growth is expected to hold up during the moment half of this year but a sharp drop in business confidence in recent weeks suggests the momentum is under threat, according to a round-up of indicators from accountants BDO.
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Source: theguardian.com