Fall in UK inflation rate
Senior economist from Dun & Bradstreet, Markus Kuger, comments:
“The unexpected fall in the UK’s inflation rate is another sign of the economic uncertainty the country faces in the current political climate. Our analysis shows that the level of risk is ‘deteriorating’, with Brexit negotiations creating considerable unpredictability for businesses operating in and with the UK. This has only been intensified by the results of the general election in June, as the government’s narrow parliamentary majority is further complicating the process of leaving the EU.
“Alongside the backdrop of an already slowing economy (the UK posted the lowest real GDP growth of all 28 EU economies in Q1 2017), a poll of business leaders after the election indicated a notable drop in business confidence. The best advice for businesses is to closely monitor the economic climate and the progress of EU negotiations, and use the latest data and analytics to assess risk and identify potential opportunities. As Brexit negotiations progress organisations should get a clearer picture of the future, but until then careful management of relationships with suppliers, customers, prospects and partners will be key to navigating through these uncertain times.”
