UK Economic Outlook

Forecasting economic growth is never easy; however, throw into the mix, political turmoil and the ongoing Brexit debacle, and economic forecasting appears impossible. Fortunately, alumnus, Mr Ross Lillico, Associate Director, Lichfields, was on hand to provide some clarity with regard to the likely direction of travel for the UK economy. The good news is that even the most pessimistic OBR forecasts for economic growth are nowhere near the enormous peak to trough falls experienced during the 2008 financial crash. The bad news is that the usual caveats for forecasting apply!