Economy slows; GDP rises

Posted on 24 Oct 2014 by Victoria Fitzgerald

UK economic growth has slackened in the third quarter, with the GDP increasing by 0.7%, according to the Office for National Statistics.

Economists anticipated the 0.7% expansion in the period from July to September. The amount was weaker than the second quarter, which recorded a 0.9% expansion and the GDP recorded a 3% increase from the same period last year. The news comes as the UK is told to pay an extra £1.7bn towards the EU’s budget…

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