War and inflation to halve UK's economic growth, says BCC

The Ukraine war and soaring inflation is set to halve the UK’s economic growth this year, new data has shown.

The British Chamber of Commerce (BCC) has downgraded its expectations for UK GDP growth in 2022, from 4.2% in its previous forecast in December to 3.6%.

This is less than half the growth of 7.5% recorded last year, reflecting the poor outlook for consumer spending, and a weaker than expected rebound in business investment.

By LaToya Harding.

Full story at Yahoo News.