The World Bank has slashed its growth forecasts for Britain up to 2019, with no sign of recovery from a Brexit-induced slowdown. In its first update since the European Union referendum last June, the bank cut its expectations for UK growth from 2.1% to 1.2% in 2017 and from 2.1% to 1.3% in 2018. It predicted growth of 1.3% in 2019.