UK’s economic growth at nearly seven-year low
Uncertainty about the outcome of the December 12 national election is likely to have caused more caution among businesses since then
London — Britain's economy grew at its slowest annual pace in nearly seven years in October, offering a weak backdrop to Thursday's national election, in which both leading parties are promising to boost growth. The approach of a Brexit deadline and the global economic slowdown hit Britain's factories and construction industry in the month, official data showed on Tuesday.
GDP rose 0.7% compared with October 2018, the weakest growth since March 2012 when Britain was still trying to shake off the effects of the global financial crisis. In the three months to October, growth flatlined compared with the previous three-month period, the Office for National Statistics (ONS) said, as expected by economists in a Reuters poll...
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