Growth Lower Than Expected: Slows to 0.3%

Today’s growth figures from the ONS are lower than expected:

  • GDP is estimated to have increased by 0.3% in Quarter 1 2015 compared with growth of 0.6% in Quarter 4 2014.
  • Output increased in services by 0.5% in Quarter 1 2015. The other 3 main industrial groupings within the economy decreased, with construction falling by 1.6%, production by 0.1% and agriculture by 0.2%.

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Quote of the Day

The Daily Mirror has heard that at the shadow cabinet meeting, Nick Brown lost his train of thought so John McDonnell handed over a piece of paper to help out.

Brown: “You’re really helpful“.

McDonnell: “Yes I am. But it would be great if somebody could tell Skwawkbox that“.

 

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