British economy paying price of sterling slump

Price increases blamed as growth slows to lowest level for a year

28th April, 2017
Sterling has weakened since the Brexit referendum. Pic: Getty

Though the British economy proved more resilient than many official forecasters had expected after the Brexit referendum – sparking bitter criticism from those in the Leave campaign – more recent figures have indicated that the sustained weakness in sterling since the June vote has started to affect consumer confidence.

Official figures this morning showed that gross domestic product expanded by 0.3 per cent in the first quarter of 2017, down from 0.7 per cent in...

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