Money: In brief... - UK economy growth blow

Jul 4 2008

There were fresh signs of financial woe as figures revealed the UK economy grew more slowly than first thought in the opening three months of the year.

The Office for National Statistics revised its original estimations for GDP growth in the first three months of the year down to 0.3 per cent from 0.4 per cent.

The economy is now growing at is slowest rate since the first quarter of 2005, when GDP sat at 0.2 per cent.