New photo UK economy to slip to 7th biggest in world in 2019 - PwC

Britain risks slipping from being the world's fifth-biggest economy to its seventh-largest next year after Brexit, analysts have warned. 

Pricewaterhouse Coopers (PwC) projected economic growth in 2019 of 1.6 percent for Britain - assuming the shock of a no-deal Brexit in March is avoided - versus 1.7 percent for France and 7.6 percent for India. 

PwC expects India to rise to fifth place next year from seventh, and France to remain at sixth, since Britain's economy slowed and the value of the pound slumped after the 2016 referendum.

'The UK and France have regularly alternated in having the larger economy, but subdued growth in the UK in 2018 and again in 2019 is likely to tip the balance in France's favour,' PwC economist Mike Jakeman said.

Britain risks slipping from being the world's fifth-biggest economy to its seventh-largest next year after Brexit, analysts have warned (stock image, London Stock Exchange)

PwC projected economic growth in 2019 of 1.6 percent for Britain - assuming the shock of a no-deal Brexit in March is avoided

'India is the fastest-growing large economy in the world, with an enormous population, favourable demographics and high catch-up potential due to low initial GDP (gross domestic product) per head.

'It is all but certain to continue to rise in the global GDP league table in the coming decades.'

Ranking is based on the size of national economies in U.S. dollar terms. 

The predictions come as Cabinet ruled thousands of troops are to go on standby, ferry space is to be reserved for emergency supplies and families are to be warned as part of contingency preparations for a no deal Brexit.

Theresa May and her ministers decided yesterday to spend billions on the backup plans - despite insisting the PM's deal remained the 'most likely scenario'.

The world's strongest economies 

2019  (prediction by PwC)
1. US
2. China
3. Japan
4. Germany
5. India
6. France
7. UK

An International Monetary Fund (IMF) paper last month claimed that 'potential trade costs have had a considerable and statistically significant negative impact on firm investment in the UK after the referendum'. 

The summary added: 'At the same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more foreign-oriented firms'.

Previously Andrew Gray, Head of Brexit at PwC, said in a statement: 'With just over 100 days to go before the end of March 2019, further delays in holding the meaningful vote will be of great concern, however, businesses need to hold their nerve. 

'The delay means businesses need to be even more proactive and diligent in their Brexit planning. There are still a number of hurdles to jump before any outcome is certain.

'We are still advising organisations to keep preparing for both a deal and no deal and continue to implement their contingency plans. For many businesses this may mean taking further action which they had hoped to avoid.'

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News Pictures UK economy to slip to 7th biggest in world in 2019 - PwC

You don’t have to pack away your bikini just because you’re the wrong side of 20. These body-beautiful stars reveal their secrets to staying in shape and prove you can smoulder in a two-piece, whatever your age. Read on and be bikini inspired!

TEENS
Hayden Panettiere
Size: 8
Age: 18
Height: 5ft 1in
Weight: 8st

To achieve her kick-ass figure, Hayden – who plays cheerleader Claire Bennet in Heroes – follows the ‘quartering’ rule. She eats only a quarter of the food on her plate, then waits 20 minutes before deciding whether she needs to eat again.

Hayden says: “I don’t have a model’s body, but I’m not one of those crazy girls who thinks that they’re fat. I’m OK with what I have.”

Nicollette says: “I don’t like diets – I see it, I eat it! I believe in eating healthily with lots of protein, vegetables and carbs to give you energy.”

kim cattrall

Size: 10-12
Age: 52
Height: 5ft 8in
Weight: 9st 4lb

SATC star Kim swears by gym sessions with Russian kettle bells (traditional cast-iron weights) and the South Beach Diet to give her the body she wants. To avoid overeating, Kim has a radical diet trick – squirting lemon juice on her leftovers – so she won’t carry on picking.

Kim says: “I am no super-thin Hollywood actress. I am built for men who like women to look like women.”
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