How companies are 'swimming against the oncoming UK economic tide'

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The UK economy post-Brexit vote has remained stubbornly resolute, despite most economic forecasts to the contrary.

This led to a raft of revisions to growth forecasts for 2017. The predicted consumer slowdown failed to materialise. Yet recent figures show that consumer borrowing has risen at its fastest rate since 2005, and led to the Bank of England's Financial Policy Committee (which monitors risks to the UK's financial stability) warning of its potential risk to banks Seemingly, the positive growth numbers we have observed over the last six months have been predicated on UK consumers spending increasing amounts of borrowed monies, rather than wage growth. Wage inflation has been tepid at bes...