European banking heavyweight admits UK?s economic future post-Brexit is ?not as bleak as many think?

One of Europe?s biggest banks has admitted the UK?s economic outlook is ?not as bleak as many think? after previously issuing dire warnings over the impact of Brexit.

Economists at UBS Wealth Management, an arm of Swiss bank UBS, are now saying that the economy will grow faster than expected.

They have forecast 1.1pc growth next year, still well behind other estimates, but up from an earlier projection of 0.7pc.

This article was published in Daily Mail, 18th November 2017