Article 1F2N6 UK economy grew at 0.4%, ONS confirms

UK economy grew at 0.4%, ONS confirms

by
Phillip Inman Economics correspondent
from on (#1F2N6)
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Increases in business services and government spending propped up growth with worrying fall in business investment blamed on Brexit fears

Britain's economy grew at 0.4% in the first three months of the year, despite a slump in manufacturing and construction output that has dragged down GDP growth over the last year.

Tumbling business investment, which recorded its first annual fall in three years, also restricted growth and fuelled concerns that businesses are holding back on plans to expand ahead of the EU referendum.

Related: UK economy dragged back by weak business investment and trade - live

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