Friday May 29, 2020

British economy still confounding Brexit fears

Q4 figures beat expectations, but growth relying on consumer spending

26th January, 2017
Consumer spending holding up British growth. Pic: Getty

In its first estimate, the Office for National Statistics said the British economy grew by 0.6 per cent in the fourth quarter, the same pace as in the previous two quarters and slightly better than economists had expected.

It was driven entirely by services, helped by strong consumer spending. The ONS said construction and production provided “negligible” contribution to growth during the period, having fallen in the previous quarter.

The ONS also said growth...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 3 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago