High inflation,feeble consumer confidence and Brexit are discouraging consumer spendingEconomic growth in the UK is expected to slow in the first few months of 2018 as high inflation, feeble consumer confidence and uncertainty surrounding Brexit discourage high street spending and investment.
A series of commerce and consumer surveys pointed to lower growth, and ending a strong run that culminated in a rise in GDP growth to 0.5% in the final quarter of 2017.
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Source: theguardian.com