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UK economy loses momentum as pace of growth revised lower

Q3 GDP rose 0.4% instead of the 0.5% estimated, while Q2 growth was revised down to 0.5%

The economy continues to be led by domestic demand, with consumer spending rising an upwardly revised 0.9 per cent in the third quarter and real disposable income growing 4 per cent on the year, the fastest annual pace since the start of 2010.


THE UK economy expanded less than previously estimated in the past two quarters in a sign that growth is losing some momentum.

Gross domestic product rose 0.4 per cent between July and September instead of the 0.5 per cent previously estimated, the Office for National