The most recent news does not make good reading.
- The Bank of England has cut the forecast growth of the economy from 1.9% to 1.7% in 2017 (actual growth in the first six month was very sickly) and from 1.7% to 1.6% in 2018.
- The Halifax has released figures showing that house prices have fallen for 4 quarters in a row.
- According to Visa, consumer spending has been stagnant or fallen since December.
- The fall in the pound following the Brexit result now means prices are rising faster than wages.
Project Fear is becoming Project Reality.