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UK GDP growth slower than expected as inflation bites
theguardian.com ^ | April 28, 2017 | Katie Allen

Posted on 04/28/2017 12:21:51 PM PDT by Berlin_Freeper

The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending.

GDP growth fell more than expected to 0.3% in the first quarter from 0.7% in the previous quarter, the Office for National Statistics said.

The official figures add to signs that the UK economy’s resilience in the wake of the Brexit vote is now waning and will come as a blow to Theresa May’s government as it banks on a solid victory in the snap election on 8 June.

(Excerpt) Read more at theguardian.com ...


TOPICS: United Kingdom
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1 posted on 04/28/2017 12:21:51 PM PDT by Berlin_Freeper
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To: Berlin_Freeper

Brexit will not be in vain. Britain must pay. The EU is gearing up for war.


2 posted on 04/28/2017 12:23:10 PM PDT by sagar
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