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Britain's economy slows to near-stall pace in April

Published Thu, May 5, 2016 · 09:50 PM
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London

BRITAIN'S economy slowed in April and may stall as consumers worry about June's referendum on whether Britain should remain a member of the European Union (EU), a survey of the dominant services industry showed on Thursday.

If last month's weakness persists, overall British economic growth may be just 0.1 per cent in the second quarter, down from quarterly growth 0.4 per cent in the first three months of this year, financial data company Markit said.

Britain's economy has outpaced much of the rest of the rich world over the past three years. But it has been showing signs of slowing since late last year, hurt by a weakening global economy and by u…

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