UK economy posts worst quarterly GDP figures for five years

Growth slumps to 0.1% on weak business investment and household spendingThe weakest household spending for three years and falling levels of business investment dragged the economy to the worst quarter for five years, official statisticians have said. The Office for National Statistics confirmed its previous estimate that GDP growth slumped to 0.1% in the first quarter, while sticking to its view that the “beast from the east” had little impact. Continue reading...