Monthly Economic Review - February 2017

Monthly headlines:

  • UK economy grew by 0.6% in Q4 2016 with services dominating GDP growth
  • Falling value of sterling feeding through into higher inflation and squeezing real earnings
  • GDP growth in the worldโ€™s two largest economies โ€“ USA and China โ€“ slowed in 2016

Although the UK economy enjoyed a strong end to 2016, higher inflation and uncertainty over the impact of Brexit are likely to mean that conditions will become more challenging in the coming months. It is vital the upcoming Spring Budget is used to tackle the escalating burden of upfront business costs.

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