UK economy lags behind G-7 after 2017 growth rate cut

London

BRITAIN'S economy was weaker than previously thought in 2017, official data showed on Thursday, leaving the country lagging further behind the global recovery as it prepares to leave the European Union (EU).

The downgrade of the full-year and fourth-quarter growth rates also raised questions about the strength of the economy as the Bank of England (BOE) prepares to raise interest rates.

Gross domestic product growth slowed to a quarterly 0.4 per cent from a previous estimate of 0.5 per …