The long-term growth prospects for the UK economy remain positive and the uncertainties surrounding the Brexit negotiations will fade with the passage of time.
In less than one year, Britain has fallen from the top to the bottom of the G7 growth table. Last month, Moody's downgraded the country's credit rating by one notch to Aa2. Sterling dives as Barnier reveals 'disturbing deadlock' in Brexit negotiations These are clearly negative developments in the short term. But it is important to remember these are backward-looking indicators and there are several reasons to be optimistic for the future. Most importantly, the world economy has recovered from the deep recession that began in 2008 and is growing in synchronisation. The Inte...
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