British Chambers of Commerce slash growth forecast for UK economy

CNN: The British Chambers of Commerce (BCC) on Monday slashed its growth forecast for the UK economy this year to 1.3%, which would be its weakest performance since the financial crisis.

And the consultancy Oliver Wyman published a report that shows households will be worse off and businesses less profitable no matter what kind of exit deal the UK government negotiates.

The double shot of bad news comes as UK politicians debate whether or not Brexit will produce a so-called dividend that can be used to fund public services.

The government of Prime Minister Theresa May, which this weekend proposed billions in new funding for the National Health Service, said that money saved as a result of Brexit would be used to finance some of the increased spending.

Critics have pounced, questioning whether the funds would be enough to put the health service on solid footing, and how the spending would be paid for.