Switzerland-based Big Four auditors/advisors KPMG have said in their most recent Quarterly Economic Outlook that short-term prospects for the UK economy are "bleak."

KPMG has revised its projection of UK 2019 GDP growth from 1.6% as of December 2018 to 1.2% now. Projection for 2020 remains at 1.5%.

Brexit uncertainty, shrinkage in exports to the Eurozone - which represents 49% of the UK's total export market - and the USA, and Chinese economic slowdown are cited as causes, along with weak productivity of UK businesses.

Will Theresa May's government and Parliament be able to agree on a Brexit plan before 31 October, in order to avoid a no-deal crashout and reversion to trade per WTO rules? Stay tuned.