UK economy suffers weakest period of GDP growth in five years
by Larry Elliott Economics editor from on (#3NT9F)
ONS figures show construction output slump as rate in first quarter slows to 0.1%
Britain's economy slowed to a virtual standstill in the first three months of 2018, the weakest period of activity in more than five years.
Office for National Statistics figures showed a sharp contraction in the construction sector, weaker manufacturing growth and a squeeze on consumer spending power contributed to GDP growth of 0.1% in the first quarter.
Related: Is Philip Hammond right to be so Tiggerish over the economy?
Continue reading...