UK | Investment
Monthly Review - March 2019
UK Economic Briefing - March 2019The Chancellor, Phillip Hammond presented the Spring Statement on 13 March. This was largely expected to be a low key event in the midst of three key parliamentary votes on Brexit.
- The Office of Budget Responsibility (OBR) downgraded growth for 2019, with GDP growth now expected at 1.2% down from October’s forecast of 1.6%.
- The expected near term weakness in activity is largely due to a decline in business investment for a second successive
year and poor performance in net trade.