Assuming a Vote to Remain in the EU, the UK Economy is Expected to Grow by 2.0 per cent in 2016

“Prospects for the UK Economy” taken from the National Institute Economic Review

Pub. Date
10 May, 2016

Key points

  • 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.

See more from our UK Economic Outlook