U.K. Economy Shows No Sign of Brexit Effect as Spending Rises

Consumers and businesses increased their spending in the third quarter as the U.K. economy registered a resilient performance following the Brexit vote.

Household spending rose 0.7 percent from the second quarter and business investment increased 0.9 percent, the Office for National Statistics said on Friday. Growth overall was unrevised at 0.5 percent, with trade providing the strongest contribution. A separate report from the Confederation of British Industry showed retail sales grew at their fastest annual pace in more than a year in November.