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Q4 UK business investment slips as oil prices fall; GDP growth steady at 0.5%

Friday, February 27, 2015 - 05:50
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Spending by British households in yearly terms rose 2.2 per cent in the fourth quarter - its fastest pace since early 2008.

London

INVESTMENT by businesses in Britain fell at its sharpest rate in nearly six years in the last quarter of 2014, hit by lower investment in the petroleum sector as global oil prices fell.

As estimated in a preliminary reading, British gross domestic product (GDP) between