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British companies increased their marketing budgets in the second quarter despite economic uncertainty resulting from the UK’s decision to leave the European Union (EU), according to a survey out today.
The EY Item Club, the economic forecasting group, has lowered its forecast for the UK’s GDP growth from 1.8 percent to 1.5 percent in 2017.
UK consumer confidence reached a four-month high in May despite inflation since last year’s Brexit vote causing prices to rise in stores.