Insider reports “UK GDP growth was revised down to rise to 1.7% from 1.9% in 2022 and 1.8% from 2% in 2023, the Item Club said. It added that even consumer spending, which outperformed the overall economy in 2018, would rise by just 1.2% in 2019, its weakest performance since 2011, and would grow by 1.4% in 2020.

But after employment fell 56,000 in the three months to August to 32.693 million, it expects workforce growth to slow from 1% in 2019 to 0.6% in 2020.” Read more

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