UK economy officially EU’s worst performer

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UK economy officially EU’s worst performer

Post by Sassy on Tue Jul 04, 2017 9:16 pm

Business services and construction drove economic growth, but consumer-focused industries slowed it down.

LONDON — The U.K. economy grew just 0.2 percent in the first quarter of the year, the Office for National Statistics confirmed Friday.

GDP had initially been estimated at 0.3 percent but was revised down.

According to the data, while business services and construction drove economic growth, consumer-focused industries such as retail and accommodation slowed it down. Meanwhile, household savings have also dropped.

The figures released on Friday confirmed that Britain is currently the worst performing major economy in the world and among the EU28.

http://www.politico.eu/article/uk-economy-officially-eus-worst-performer/



More Tory lies shown up.
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Re: UK economy officially EU’s worst performer

Post by Irn Bru on Tue Jul 04, 2017 9:22 pm

Sassy wrote:Business services and construction drove economic growth, but consumer-focused industries slowed it down.

LONDON — The U.K. economy grew just 0.2 percent in the first quarter of the year, the Office for National Statistics confirmed Friday.

GDP had initially been estimated at 0.3 percent but was revised down.

According to the data, while business services and construction drove economic growth, consumer-focused industries such as retail and accommodation slowed it down. Meanwhile, household savings have also dropped.

The figures released on Friday confirmed that Britain is currently the worst performing major economy in the world and among the EU28.

http://www.politico.eu/article/uk-economy-officially-eus-worst-performer/



More Tory lies shown up.

Yep, austerity has failed. The Tory government has failed. They have tried to deceive the public with a pack of lies whilst the national debt has rocketed and the deficit still remains after they claimed it would eliminated by 2015.

They've lied over 7 years during the time they were at the helm steering our country onto the rocks.

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