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UK GDP growth fell back to earth with a bang in the first quarter

Having looked decidedly encouraging at the end of last year, it looks like the UK economy fell back to earth with a bang in the first quarter of 2017, after official figures suggested GDP growth has slowed significantly.

Figrues published by the Office for National Statistics (ONS) showed UK growth fell to 0.3 per cent in the first three months of the year, less than the 0.4 per cent expected and down from 0.7 per cent.

Year-on-year growth fell to 2.1 per cent, against expectations of 2.2 per cent - although it was up from 1.9 per cent in the previous quarter.

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