With Brexit earlier this year, there has been much debate concerning how the UK leaving the EU will impact the economy.
In the Autumn statement last week, it was concluded that economic growth will slow. However, the slow growth is not as much as feared due to uncertainty surrounding Brexit.
In March, the economy was predicted to grow by 2.2% next year. However it has now been established that it is expected to grow 1.4% in 2017. Brexit has directly impacted this slowdown, with 2018 growth looking to be 1.5% as opposed to a predicted 2.1%.
The impact of this include; lower wage growth, a slowdown in the property market and smaller rises in household income.
According to The Times ‘this will be exacerbated by a squeeze on real consumer spending as the fall in the pound pushes up inflation’.
Essential, slow economic growth will result in reduced consumer spending. As consumers look to make cut backs financially, Verdabelo has a cost effective solution for those seeking to replace their boiler through an affordable payment plan.
Our customers can increase the value of their home by purchasing an energy efficient boiler for a dow npayment of £99, followed by a monthly payment of £36 a month for 7 years. An energy efficient boiler is cheaper to run and therefore reduces the cost of monthly gas bills
- Posted by UpwardAdmin2012
- On 2016-12-09
- 0 Comments