The Bank of England said it expects the economy to shrink by 9.5% in 2020, less  than the initial estimate of 14%.

Chancellor Rishi Sunak’s £2bn job creation scheme could be an excellent way for young people to discover the attractions of joining the Financial Planning sector, according to the Personal Finance Society.

The National Institute of Economic and Social Research has revised its GDP forecast to just under 1.5% due to weak economic performance in the first quarter of 2018.

Justin Urquhart Stewart, director and co-founder of investment provider 7IM, said that the UK economy was weakening and the economic cycle - and not Brexit - was the main culprit although he agreed Brexit had unnerved international investors.