A UK consumer slowdown is underway

So say economists in the latest Reuters poll

  • All economists polled say that a consumer slowdown is underway

  • 60/60 say there will be no change from the BOE March 16th

  • UK bank rate will stay at 0.25% until end of 2019, at the least

  • 29/33 say wage growth is unlikely to keep pace with inflation

  • UK economy to grow 1.6% in 2017, 1.2% 2018 (1.5% & 1.3% prior)

  • Average CPI to be 2.6% 2017 & 2018 (unch vs prior)

At least that will keep mortgage payments low for a while yet.

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