UK growth hit by global slowdown

UK - Fears of a sharp slowdown in the British economy have grown after official figures showed output was weaker than expected in the first three months of the year.

ARTICLE - The figures released on Apr 27 increase the chance that the Bank of England will cut interest rates again at its next meeting on May 9-10.

The preliminary estimate of gross domestic product in the first quarter from the Office for National Statistics was for growth of 0.3 per cent. The consensus forecast was for growth of 0

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