Uncertainty around Brexit hits UK's growth predictions

Uncertainty ahead of the referendum on the UK's membership of the EU is having an impact on investment in the UK.

The Confederation of British Industry has cut its growth forecasts for the British economy, warning that uncertainty ahead of the EU referendum is beginning to weigh on investment.

The business group's latest quarterly forecast predicts that the UK will see 2% GDP growth in both 2016 and 2017, down from its previous estimate of 2.3% and 2.1% respectively.