UK economy 'treading water' as eurozone stretches ahead, says BCC

British Chambers of Commerce cuts growth forecasts blaming squeeze on household budgets and failure of exporters to capitalise on low pound

Britain is locked into a "low growth trajectory" that will see GDP growth dip next year while the eurozone shrugs off Brexit uncertainty to stretch ahead, according to a leading business group.

The British Chambers of Commerce said a squeeze on household budgets and the failure of exporters to capitalise on the low pound meant the UK was "treading water".