Uk Economy and Cent

uk: According to new analysis of official growth figures compared with independent forecasts, the UK's economic performance currently comes in at around a third of the country's 0.7 per cent long-term trend growth rate, according to The Independent. The UK economy grew by just 0.2 per cent between October and December last year according to the official GDP measure. Household incomes are around 1,500 a year lower today than forecasts made before the referendum vote. Down from 0.6 per cent in the previous three months, that means the UK economy was around 1.2 per cent or 23bn smaller than the Office for Budget Responsibility's OBR pre-referendum forecast in March 2016. Its counting the cost report focuses on the UK's economic performance and the subsequent impact on living standards since the referendum. That's more than 800 for every household in the UK. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial In fact, the UK has experienced the sharpest income growth slowdown of any economy for which the OECD publishes data, warns independent think tank the Resolution Foundation. (news.financializer.com). As reported in the news.