U.K. Economy Barely Grows as Households Rein in Spending
U.K. Economy Grows 0.1% in 1Q as Consumer Spending Slows
This article is for subscribers only.
U.K. consumer spending lost momentum in the first quarter and companies cut investment after severe weather swept the country.
Household spending rose just 0.2 percent, the weakest performance in more than three years, and business investment declined 0.2 percent as snowstorms kept shoppers at home and disrupted construction projects.