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Updated 07:10 25/09/20

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UK ends 2016 with better than expected economic growth


Daryl Jackson, News Editor
26 Jan 2017, 10 a.m.

The UK grew by a better-than-expected 0.6% in the final quarter of last year and by 2% for the whole of 2016, official figures show.

Chancellor Philip Hammond said it showed the "fundamental strength and resilience" of the economy though he acknowledged uncertainty ahead as Brexit looms.

The annual growth figure of 2% is slightly below last year's and the second year in a row that the pace of expansion has weakened.

But the figures from the Office for National Statistics (ONS) underlined the economy's robust response to Britain's vote to leave the European Union in June - which had been expected to provide a bigger shock.

They mean that Britain's gross domestic product (GDP) has grown by a steady 0.6% in each of the two quarters following the Brexit vote.

View original source at: news.sky.com

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