UK economy slows more than expected as inflation hits spending
by Katie Allen from on (#2QPE4)
ONS revises GDP growth figure to 0.2% for first quarter as post-Brexit vote rise in prices puts pressure on household budgets
The UK economy slowed even more sharply than first thought in the opening months of this year as rising prices in the wake of the Brexit vote took their toll on consumer spending.
The Office for National Statistics said GDP grew just 0.2% in the first quarter of 2017, a marked change of pace from the 0.7% growth in the final three months of 2016. Statisticians had previously estimated the economy grew 0.3% in the first quarter.
Related: UK growth unexpectedly revised down to just 0.2% as inflation bites - business live
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