'Growth becoming harder to come by': UK GDP expands 0.3% in Q2

Up 0.1% from Q1

clock • 2 min read

The UK's economy grew as expected by 0.3% between April and June, but commentators have warned weakening consumer spending has become a "real concern".

According to the Office for National Statistics, UK GDP growth was 0.3% during the second quarter of 2017, in line with expectations. This is up from 0.2% in the first quarter of the year, which was a significant fall from 0.7% recorded at the end of 2016. The ONS said growth during the quarter was largely driven by the services sector, which expanded 0.5% during the period, particularly retail and the thriving film industry. Study warns UK economy could shrink by 3.7% if protectionism gains momentum Today's results give a better indication of how the UK has performed since the ...

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