Article 26A4Q UK GDP growth better than expected in Brexit vote aftermath

UK GDP growth better than expected in Brexit vote aftermath

by
Phillip Inman
from on (#26A4Q)

ONS figures strengthen argument that Treasury and others miscalculated economic impact of vote, but still point to lopsided economy

Britain's economy grew faster than previously thought in the three months after the EU referendum, underlining the miscalculations by the Treasury and other forecasters who predicted that the UK would suffer a recession following a vote for Brexit.

Official figures showed GDP growth in the third quarter rose by 0.6%, compared with initial estimates of 0.5%.

Related: Brexit economy: inflation surge shows impact of vote finally beginning to bite

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