The Ernst & Young Item club, which uses The Treasury's own computer model of the economy, says (HERE). They expect a drop in consumer spending next year as inflation rises and that overall growth in 2017 will fall to just 0.8%.
Peter Spencer, chief economic advisor to the EY Item Club, said: "So far it might look like the economy is taking Brexit in its stride, but this picture is deceptive. Sterling's shaky performance this month provides a timely reminder that challenges lie ahead. As inflation returns over the winter it will squeeze household incomes and spending.
"The pressure on consumers and the cautious approach to spending by businesses mean that the UK is facing a period of relatively low growth,"
It will be interesting to see what some of those forecasting a great future will be saying this time next year. The pound is trading around $1.21500 this morning, down a little again.
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