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Britain's biggest business lobbyist, the CBI, has warned the government that it must "break the Brexit logjam" or risk doing major damage to the UK economy going forward.
The UK economy is in a "menopausal" phase after passing peak productivity, a Bank of England deputy governor Ben Broadbent said in an interview. He suggested that low productivity growth in Britain looks like the end of the 19th century after the age of steam had passed its peak.
"Even once we take account of these seasonal distortions, the underlying trend in sales growth is heading downwards," the British Retail Consortium's chief executive Helen Dickinson said in a statement.
Looking at the data from the British economy released over the past few weeks has been a somewhat chastening experience. Virtually every indicator and data point released in April and early May was below expectations.
A combination of factors, from waning expectations of a UK interest rate hike in May, to a resurgent dollar, have helped subdue the pound, which as recently as two weeks ago was being described as the "darling of the currency world."
"While the snow had some impact on the economy, particularly in construction and some areas of retail, its overall effect was limited with the bad weather actually boosting energy supply and online sales," Rob Kent-Smith, the ONS' head of national accounts said in a statement.
UK economic growth could pick up much more sharply than expected by the end of 2018, according to JPMorgan Asset Management's Mike Bell.
Sterling's value has increased by more than 6% this year, and one currency strategist has called it "the darling of the currency world."
Unemployment in the UK unexpectedly fell between December and February, according to new data released by the Office for National Statistics on Tuesday.
The ONS released the third estimate of GDP growth for the fourth quarter of 2017 on Thursday.