UK saw sluggish growth at start of year

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9 minutes ago

The UK saw anemic maturation astatine the commencement of the twelvemonth arsenic the system was affected by onslaught action.

The system grew by conscionable 0.1% successful the January to March period, the Office for National Statistics (ONS) said.

The fig comes a time aft the Bank of England said it was much optimistic astir prospects for the UK and that the system would debar recession.

The Bank besides accrued involvement rates to 4.5% from 4.25% successful its continued effort to dilatory soaring terms rises.

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