UK GDP growth slower than expected as inflation bites
by Katie Allen from Economics | The Guardian on (#2MMEZ)
Figures suggest shops and hotels have been hurt by squeeze on spending power from pound's plunge since Brexit vote
The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending.
GDP growth fell more than expected to 0.3% in the first quarter from 0.7% in the previous quarter, the Office for National Statistics said.
Related: UK economic growth slows to 0.3% as inflation bites - business live
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