The chief economist of the Bank of England has told Brits to stop asking for a pay rise and "take their share".
Forecasts suggest the UK will be 15 years late in hitting £1 trillion annual export target set by David Cameron before the Brexit referendum.
“Brexiteers said their closest EU neighbour would be “doomed” – now it’s set to be the top-performing economy in Europe this year.”
"The jury is in, the fat lady has sung, there is no debate anymore."
Here we answer some key questions about what the latest GDP figures mean for the economy and people’s money.
Brexit, meanwhile, is expected to reduce the UK’s potential economic growth by about 4 per cent in the long term.
Analysis of economic impact found the university adds nearly £30 billion to the UK economy every year.
There is expected to be a fall of 0.2 per cent in GDP this year, followed by a rise of 0.9 per cent next year. Only Russia fares worse.
Fears of an impending banking crisis have intensified after shares in top lenders plunged.
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