UK economy proves resilient to Brexit

London

THE UK economy slowed less than economists forecast in the quarter after the Brexit vote because of a surge in services, providing ammunition for critics of those who warned of a possible fallout before the referendum.

The 0.5 per cent expansion was better than the 0.3 per cent median forecast of economists in a Bloomberg survey. Services surged 0.8 per cent, offsetting declines in construction and production, its performance helped by box-office receipts for summer movies including Jason Bourne and Star Trek.