What are the concerns regarding business investment in the UK?
Jefferies' Owen Sees BOE Rate Hikes in May and November
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The video discusses the Bank of England's plans to raise interest rates twice in 2018, with potential for more hikes in 2019, depending on Brexit outcomes. The UK economy is near full capacity, with growth expected to be slightly above trend. However, Brexit uncertainties and weak business investment pose challenges. The UK lags behind global growth, particularly the eurozone, but benefits from strong trading partners.
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OPEN ENDED QUESTION
3 mins • 1 pt
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What is the projected growth rate for the UK economy over the next couple of years?
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