Household spending hit six-year low in 2017 amid Brexit inflation
by Press Association from Economics | The Guardian on (#3KDXZ)
Statistics office figures show UK had lowest growth among G7 economies
Household spending slowed to its lowest annual growth for six years in 2017 amid Brexit-fuelled inflation, with borrowing surging and family savings slumping to a record low.
Figures from the Office for National Statistics (ONS) confirmed economic growth slowed to 0.4% in the final three months of last year, down from 0.5% in the third quarter as weaker household spending took its toll.
Related: UK businesses told to expect workforce crisis after Brexit
Continue reading...