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UK economy slowed more than thought in Q1

Rising inflation boosted by last year's Brexit vote has taken a toll on household spending

Published Thu, May 25, 2017 · 09:50 PM

London

BRITAIN'S economy slowed more than previously thought in the first three months of 2017 as rising inflation boosted by last year's Brexit vote took a toll on household spending, official figures showed on Thursday.

Just two weeks before Britons go to the polls in an early election called by Prime Minister Theresa May, the Office for National Statistics said Britain's economy expanded at its slowest rate in a year in the three months to the end of March.

Gross domestic product grew by just 0.2 per cent compared with an earlier e…

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