UK economy slows more than expected as car production slumps

GDP rose by 0.1% in February, down from 0.8% in January, says ONS, after City economists had predicted 0.3%

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UK economic growth slowed by more than expected in February as a slump in car manufacturing undermined a sharp recovery in holiday bookings after the easing of Covid travel restrictions.

The Office for National Statistics said gross domestic product rose by only 0.1% in February, down from a monthly growth rate of 0.8% in January when the economy was recovering from the coronavirus Omicron variant.