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Brexit fears slow British growth, hit consumers and businesses

Data shows negligible growth in household spending and flat business investment

Reuters  |  London 

Britain's economy suffered weakness on all fronts in the three months to June, with shoppers pinched by the pound's tumble, exports failing to fill the gap, and business investment frozen by Brexit uncertainty. The Office National Statistics confirmed on Thursday the economy grew 0.3 per cent in the second quarter after 0.2 percent in the first -- adding up to the slowest growth for any major advanced economy since the start of 2017. The data showed negligible growth in household spending and flat business investment. A separate report suggested the malaise will ...

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First Published: Thu, August 24 2017. 21:14 IST
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