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UK business lobby says economy 'treading water' since start of year

Reuters  |  LONDON 

LONDON (Reuters) - Britain's economy has been treading water since the start of the year and inflation pressures are easing, limiting the case for the Bank of England to raise interest rates next month, the British Chambers of Commerce said on Thursday.The BCC's quarterly economic survey - the largest of its kind - showed a familiar picture of lacklustre domestic demand, only partly mitigated by the boost to foreign demand from the fall in the value of the pound since June 2016's Brexit vote. "What growth we see in the UK economy is due principally to strong global trading conditions, rather ...

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First Published: Thu, April 12 2018. 04:50 IST