According to forecasts from the British Chambers of Commerce the volume of gross domestic product in the UK will grow this year by 1.8%, compared with the March forecast of 2.2%. In addition, BCC expects economic growth of just 1% in 2017 against the previous forecast of 2.3%.

Experts believe that the uncertainty surrounding the negotiations with the EU will weaken the growth prospects of the Kingdom's GDP along with consumer spending. In general, the Chamber of Commerce said that the UK economy is likely to lose £ 43.8 bln. "While some companies claim keep good trading conditions, the overall picture points to a sharp slowdown in economic growth in the UK in the near future", - said the director general of British Chambers of Commerce, Dr Adam Marshall.