The UK economy has been predicted to grow even slower than previous forecasts from earlier this year, thanks to an increase of global economic risks.

Issues include the weakening market in China and other emerging markets, which are having a knock-on effect and challenges to the UK economy, according to the Confederation of British Industry (CBI).

Naturally, there's a lot of uncertainty surrounding the EU referendum, which is weighing down on investment plans in the UK manufacturing sector.

The news from the CBI's central forecast is going to come as a shock for the food and drink industry, which is responsible for 16 per cent of the total UK manufacturing turnover.

In terms of money, it adds £21.5 billion to the UK economy, which is the largest manufacturing sector in the UK, as explained by figures from the Food and Drink Federation.

CBI director-general Carolyn Fairbairn said: "We expect the UK's growth path to continue but it is likely to be at a slower rate than previously thought. A dark cloud of uncertainty is looming over global growth [...] which is chilling some firms' plans to invest."