Prospects for the UK economy
- Assuming a vote to remain in the EU: the UK economy is expected to grow by 2.0 per cent in 2016. Growth will pick up to 2.7 per cent in 2017.
- The Inflation rate is expected to average 0.3 per cent this year and 0.9 per cent next
- We expect the Bank of England to start raising interest rates in November. Rates will then continue rising throughout 2017, ending the year at 1.5 per cent.