Consumers would face a further squeeze on their purchasing power caused by both sluggish incomes and rising prices for goods and services. Business investment would be undermined by Brexit uncertainty, including lingering major questions about how the U.K. will interact in the future with its major trading partner, the European Union. And exports, while they face a better outlook due to currency depreciation, would not be large enough to effectively act as a powerful locomotive of growth for the economy as a whole.