January 6, 2017
Britain ended last year as the strongest of the world’s advanced economies with growth accelerating in the six months after the Brexit vote.
Business activity hit a 17-month high last month, meaning that the economy grew by 2.2 per cent last year — more than the six other leading nations, including the US, Germany and Japan.
Far from slowing after the referendum in June, as predicted by the Treasury and Bank of England, growth appeared to have improved. GDP grew at 0.3 per cent and 0.6 per cent in the first two quarters of last year, compared with 0.6 per cent and an estimated 0.5 per cent in the final period.
This article was posted: Friday, January 6, 2017 at 1:03 pm