UK economy posts worst quarterly GDP figures for five years
by Richard Partington from Economics | The Guardian on (#3QZMN)
Growth slumps to 0.1% on weak business investment and household spending
The weakest household spending for three years and falling levels of business investment dragged the economy to the worst quarter for five years, official statisticians have said.
The Office for National Statistics confirmed its previous estimate that GDP growth slumped to 0.1% in the first quarter, while sticking to its view that the "beast from the east" had little impact.
Related: Nottingham has lowest household disposable income in UK
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